Document and Entity Information
Document and Entity Information | 12 Months Ended |
Mar. 31, 2017shares | |
Document And Entity Information [Abstract] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Mar. 31, 2017 |
Document Fiscal Year Focus | 2,017 |
Document Fiscal Period Focus | FY |
Trading Symbol | SNE |
Entity Registrant Name | SONY CORP |
Entity Central Index Key | 313,838 |
Current Fiscal Year End Date | --03-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Common Stock, Shares Outstanding | 1,262,690,438 |
Consolidated Balance Sheets
Consolidated Balance Sheets - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Current assets: | ||
Cash and cash equivalents | ¥ 960,142 | ¥ 983,612 |
Marketable securities | 1,051,441 | 946,397 |
Notes and accounts receivable, trade | 1,006,961 | 926,375 |
Allowance for doubtful accounts and sales returns | (53,150) | (72,783) |
Inventories | 640,835 | 683,146 |
Other receivables | 223,632 | 206,058 |
Deferred income taxes | 40,940 | |
Prepaid expenses and other current assets | 525,861 | 482,982 |
Total current assets | 4,355,722 | 4,196,727 |
Film costs | 336,928 | 301,228 |
Investments and advances: | ||
Affiliated companies | 149,371 | 164,874 |
Securities investments and other | 9,962,422 | 9,069,209 |
Long-term Investments, Total | 10,111,793 | 9,234,083 |
Property, plant and equipment: | ||
Land | 117,293 | 121,707 |
Buildings | 666,381 | 655,379 |
Machinery and equipment | 1,842,852 | 1,795,991 |
Construction in progress | 28,779 | 69,286 |
Property, Plant and Equipment, Gross, Total | 2,655,305 | 2,642,363 |
Less - Accumulated depreciation | 1,897,106 | 1,821,545 |
Property, plant and equipment, net | 758,199 | 820,818 |
Other assets: | ||
Intangibles, net | 584,185 | 615,754 |
Goodwill | 522,538 | 606,290 |
Deferred insurance acquisition costs | 568,837 | 511,834 |
Deferred income taxes | 98,958 | 97,639 |
Other | 323,396 | 289,017 |
Other noncurrent assets | 2,097,914 | 2,120,534 |
Total assets | 17,660,556 | 16,673,390 |
Current liabilities: | ||
Short-term borrowings | 464,655 | 149,272 |
Current portion of long-term debt | 53,424 | 187,668 |
Notes and accounts payable, trade | 539,900 | 550,964 |
Accounts payable, other and accrued expenses | 1,394,758 | 1,367,115 |
Accrued income and other taxes | 106,037 | 88,865 |
Deposits from customers in the banking business | 2,071,091 | 1,912,673 |
Other | 591,874 | 574,193 |
Total current liabilities | 5,221,739 | 4,830,750 |
Long-term debt | 681,462 | 556,605 |
Accrued pension and severance costs | 396,715 | 462,384 |
Deferred income taxes | 432,824 | 450,926 |
Future insurance policy benefits and other | 4,834,492 | 4,509,215 |
Policyholders' account in the life insurance business | 2,631,073 | 2,401,320 |
Other | 314,771 | 330,302 |
Total liabilities | 14,513,076 | 13,541,502 |
Redeemable noncontrolling interest | 12,058 | 7,478 |
Commitments and contingent liabilities | ||
Sony Corporation's stockholders' equity: | ||
Common stock, no par value - 2016 - Shares authorized: 3,600,000,000; shares issued: 1,262,493,760 2017 - Shares authorized: 3,600,000,000; shares issued: 1,263,763,660 | 860,645 | 858,867 |
Additional paid-in capital | 1,275,337 | 1,325,719 |
Retained earnings | 984,368 | 936,331 |
Accumulated other comprehensive income - | ||
Unrealized gains on securities, net | 126,635 | 140,736 |
Unrealized losses on derivative instruments, net | (58) | (1,198) |
Pension liability adjustment | (308,736) | (371,739) |
Foreign currency translation adjustments | (436,610) | (421,117) |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Total | (618,769) | (653,318) |
Treasury stock, at cost Common stock 2016 - 1,047,745 shares 2017 - 1073222 shares | (4,335) | (4,259) |
Stockholders' Equity Attributable to Parent, Total | 2,497,246 | 2,463,340 |
Noncontrolling interests | 638,176 | 661,070 |
Total equity | 3,135,422 | 3,124,410 |
Total liabilities and equity | ¥ 17,660,556 | ¥ 16,673,390 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - ¥ / shares | Mar. 31, 2017 | Mar. 31, 2016 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | ||
Common stock, shares authorized | 3,600,000,000 | 3,600,000,000 |
Common stock, shares issued | 1,263,763,660 | 1,262,493,760 |
Treasury stock, common stock shares | 1,073,222 | 1,047,745 |
Consolidated Statements of Inco
Consolidated Statements of Income - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Sales and operating revenue: | |||
Net sales | ¥ 6,443,328 | ¥ 6,949,357 | ¥ 7,035,537 |
Financial services revenue | 1,080,284 | 1,066,319 | 1,077,604 |
Other operating revenue | 79,638 | 90,036 | 102,739 |
Sales and operating revenue, Total | 7,603,250 | 8,105,712 | 8,215,880 |
Costs and expenses: | |||
Cost of sales | 4,753,010 | 5,166,894 | 5,275,144 |
Selling, general and administrative | 1,505,956 | 1,691,930 | 1,811,461 |
Financial services expenses | 910,144 | 907,758 | 882,990 |
Other operating expense, net | 149,001 | 47,171 | 181,658 |
Costs and Expenses, Total | 7,318,111 | 7,813,753 | 8,151,253 |
Equity in net income of affiliated companies | 3,563 | 2,238 | 3,921 |
Operating income | 288,702 | 294,197 | 68,548 |
Other income: | |||
Interest and dividends | 11,459 | 12,455 | 12,887 |
Gain on sale of securities investments, net | 225 | 52,068 | 8,714 |
Other | 2,734 | 2,326 | 3,475 |
Other income, Total | 14,418 | 66,849 | 25,076 |
Other expenses: | |||
Interest | 14,544 | 25,286 | 23,600 |
Loss on devaluation of securities investments | 7,629 | 3,309 | 852 |
Foreign exchange loss, net | 22,181 | 20,565 | 20,533 |
Other | 7,147 | 7,382 | 8,910 |
Other expenses, Total | 51,501 | 56,542 | 53,895 |
Income before income taxes | 251,619 | 304,504 | 39,729 |
Income taxes: | |||
Current | 100,260 | 94,578 | 80,751 |
Deferred | 23,798 | 211 | 7,982 |
Income tax expense, Total | 124,058 | 94,789 | 88,733 |
Net income (loss) | 127,561 | 209,715 | (49,004) |
Less - Net income attributable to noncontrolling interests | 54,272 | 61,924 | 76,976 |
Net income (loss) attributable to Sony Corporation's stockholders | ¥ 73,289 | ¥ 147,791 | ¥ (125,980) |
Net income (loss) attributable to Sony Corporation's stockholders per share | |||
- Basic | ¥ 58.07 | ¥ 119.40 | ¥ (113.04) |
- Diluted | 56.89 | 117.49 | ¥ (113.04) |
Cash dividends | ¥ 20 | ¥ 20 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Statement of Comprehensive Income [Abstract] | |||
Net income (loss) | ¥ 127,561 | ¥ 209,715 | ¥ (49,004) |
Other comprehensive income, net of tax - | |||
Unrealized gains (losses) on securities | (30,293) | 2,220 | 38,718 |
Unrealized gains (losses) on derivative instruments | 1,140 | (1,198) | |
Pension liability adjustment | 63,232 | (171,753) | (21,187) |
Foreign currency translation adjustments | (17,988) | (83,899) | 65,790 |
Total comprehensive income (loss) | 143,652 | (44,915) | 34,317 |
Less - Comprehensive income attributable to noncontrolling interests | 35,814 | 75,329 | 93,995 |
Comprehensive income (loss) attributable to Sony Corporation's stockholders | ¥ 107,838 | ¥ (120,244) | ¥ (59,678) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Cash flows from operating activities: | |||
Net income (loss) | ¥ 127,561 | ¥ 209,715 | ¥ (49,004) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities - | |||
Depreciation and amortization, including amortization of deferred insurance acquisition costs | 327,048 | 397,091 | 354,624 |
Amortization of film costs | 297,505 | 299,587 | 272,941 |
Accrual for pension and severance costs, less payments | 9,297 | (6,383) | 9,638 |
Other operating expense, net | 149,001 | 47,171 | 181,658 |
(Gain) loss on sale or devaluation of securities investments, net | 7,404 | (48,857) | (7,916) |
(Gain) loss on revaluation of marketable securities held in the financial services business for trading purposes, net | (55,789) | 44,821 | (100,729) |
(Gain) loss on revaluation or impairment of securities investments held in the financial services business, net | 47 | 2,653 | (1,397) |
Deferred income taxes | 23,798 | 211 | 7,982 |
Equity in net loss of affiliated companies, net of dividends | 4,409 | 5,045 | 2,269 |
Changes in assets and liabilities: | |||
(Increase) decrease in notes and accounts receivable, trade | (37,529) | (5,828) | 33,843 |
(Increase) decrease in inventories | 11,199 | (57,804) | 113,485 |
Increase in film costs | (331,179) | (318,391) | (252,403) |
Decrease in notes and accounts payable, trade | (1,386) | (49,525) | (118,577) |
Increase (decrease) in accrued income and other taxes | 26,701 | (23,607) | (11,033) |
Increase in future insurance policy benefits and other | 433,803 | 403,392 | 460,336 |
Increase in deferred insurance acquisition costs | (93,234) | (83,774) | (79,861) |
Increase in marketable securities held in the financial services business for trading purposes | (81,456) | (107,433) | (51,565) |
(Increase) decrease in other current assets | (21,402) | 21,299 | 16,276 |
Increase (decrease) in other current liabilities | 79,114 | (25,751) | 86,718 |
Other | (65,650) | 45,457 | (112,645) |
Net cash provided by operating activities | 809,262 | 749,089 | 754,640 |
Cash flows from investing activities: | |||
Payments for purchases of fixed assets | (333,509) | (375,411) | (215,916) |
Proceeds from sales of fixed assets | 13,098 | 26,472 | 36,777 |
Proceeds from sales of businesses | 3,262 | 17,790 | 93 |
Other | 7,695 | (72,938) | (12,532) |
Net cash used in investing activities | (1,253,973) | (1,030,403) | (639,636) |
Cash flows from financing activities: | |||
Proceeds from issuance of long-term debt | 254,695 | 19,076 | 18,507 |
Payments of long-term debt | (261,299) | (270,669) | (258,102) |
Increase (decrease) in short-term borrowings, net | 317,827 | 92,153 | (51,013) |
Increase in deposits from customers in the financial services business, net | 277,152 | 165,169 | 57,464 |
Proceeds from issuance of convertible bonds | 120,000 | ||
Proceeds from issuance of new shares of common stock | 301,708 | ||
Dividends paid | (25,301) | (12,751) | (13,160) |
Payment for purchase of Sony/ATV shares from noncontrolling interests | (76,565) | ||
Other | (34,207) | (34,564) | (16,891) |
Net cash provided by (used in) financing activities | 452,302 | 380,122 | (263,195) |
Effect of exchange rate changes on cash and cash equivalents | (31,061) | (64,609) | 51,138 |
Net increase (decrease) in cash and cash equivalents | (23,470) | 34,199 | (97,053) |
Cash and cash equivalents at beginning of the fiscal year | 983,612 | 949,413 | 1,046,466 |
Cash and cash equivalents at end of the fiscal year | 960,142 | 983,612 | 949,413 |
Cash paid during the fiscal year for - | |||
Income taxes | 106,054 | 138,770 | 97,775 |
Interest | 13,877 | 26,166 | 21,982 |
Non-cash investing and financing activities - | |||
Conversion of convertible bonds | 118,780 | ||
Obtaining assets by entering into capital leases | 8,457 | 14,759 | 10,714 |
Collections of deferred proceeds from sales of receivables - | 1,202 | 2,298 | 22,512 |
Financial Services | |||
Cash flows from investing activities: | |||
Payments for investments and advances | (1,233,290) | (1,221,093) | (960,045) |
Proceeds from sales or return of investments and collections of advances | 289,901 | 534,072 | 482,537 |
Other than financial service business | |||
Cash flows from investing activities: | |||
Payments for investments and advances | (17,208) | (20,830) | (20,029) |
Proceeds from sales or return of investments and collections of advances | ¥ 16,078 | ¥ 81,535 | ¥ 49,479 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity - JPY (¥) ¥ in Millions | Total | Common stock | Additional paid-in capital | Retained earnings | Accumulated other comprehensive income | Treasury stock, at cost | Sony Corporation's stockholders' equity | Noncontrolling interests |
Beginning Balance at Mar. 31, 2014 | ¥ 2,783,141 | ¥ 646,654 | ¥ 1,127,090 | ¥ 940,262 | ¥ (451,585) | ¥ (4,284) | ¥ 2,258,137 | ¥ 525,004 |
Exercise of stock acquisition rights | 1,988 | 994 | 994 | 1,988 | ||||
Conversion of zero coupon convertible bonds | 118,780 | 59,390 | 59,390 | 118,780 | ||||
Stock-based compensation | 873 | 873 | 873 | |||||
Comprehensive income: | ||||||||
Net income (loss) | (49,004) | (125,980) | (125,980) | 76,976 | ||||
Other comprehensive income, net of tax - | ||||||||
Unrealized gains (losses) on securities | 38,718 | 26,644 | 26,644 | 12,074 | ||||
Pension liability adjustment | (21,187) | (21,092) | (21,092) | (95) | ||||
Foreign currency translation adjustments | 65,790 | 60,750 | 60,750 | 5,040 | ||||
Total comprehensive income (loss) | 34,317 | (59,678) | 93,995 | |||||
Stock issue costs, net of tax | (517) | (517) | (517) | |||||
Dividends declared | (14,108) | (14,108) | ||||||
Purchase of treasury stock | (101) | (101) | (101) | |||||
Reissuance of treasury stock | 66 | (99) | 165 | 66 | ||||
Transactions with noncontrolling interests shareholders and other | 4,030 | (2,471) | (2,471) | 6,501 | ||||
Ending Balance at Mar. 31, 2015 | 2,928,469 | 707,038 | 1,185,777 | 813,765 | (385,283) | (4,220) | 2,317,077 | 611,392 |
Issuance of new shares | 301,708 | 150,854 | 150,854 | 301,708 | ||||
Exercise of stock acquisition rights | 1,950 | 975 | 975 | 1,950 | ||||
Stock-based compensation | 1,516 | 1,516 | 1,516 | |||||
Comprehensive income: | ||||||||
Net income (loss) | 209,715 | 147,791 | 147,791 | 61,924 | ||||
Other comprehensive income, net of tax - | ||||||||
Unrealized gains (losses) on securities | 2,220 | (13,417) | (13,417) | 15,637 | ||||
Unrealized gains (losses) on derivative instruments | (1,198) | (1,198) | (1,198) | |||||
Pension liability adjustment | (171,753) | (170,608) | (170,608) | (1,145) | ||||
Foreign currency translation adjustments | (83,899) | (82,812) | (82,812) | (1,087) | ||||
Total comprehensive income (loss) | (44,915) | (120,244) | 75,329 | |||||
Stock issue costs, net of tax | (1,478) | (1,478) | (1,478) | |||||
Dividends declared | (46,093) | (25,225) | (25,225) | (20,868) | ||||
Purchase of treasury stock | (110) | (110) | (110) | |||||
Reissuance of treasury stock | 59 | (12) | 71 | 59 | ||||
Transactions with noncontrolling interests shareholders and other | (16,696) | (11,913) | (11,913) | (4,783) | ||||
Ending Balance at Mar. 31, 2016 | 3,124,410 | 858,867 | 1,325,719 | 936,331 | (653,318) | (4,259) | 2,463,340 | 661,070 |
Exercise of stock acquisition rights | 3,556 | 1,778 | 1,778 | 3,556 | ||||
Stock-based compensation | 1,601 | 1,601 | 1,601 | |||||
Comprehensive income: | ||||||||
Net income (loss) | 127,561 | 73,289 | 73,289 | 54,272 | ||||
Other comprehensive income, net of tax - | ||||||||
Unrealized gains (losses) on securities | (30,293) | (14,101) | (14,101) | (16,192) | ||||
Unrealized gains (losses) on derivative instruments | 1,140 | 1,140 | 1,140 | |||||
Pension liability adjustment | 63,232 | 63,003 | 63,003 | 229 | ||||
Foreign currency translation adjustments | (17,988) | (15,493) | (15,493) | (2,495) | ||||
Total comprehensive income (loss) | 143,652 | 107,838 | 35,814 | |||||
Stock issue costs, net of tax | (30) | (30) | (30) | |||||
Dividends declared | (42,320) | (25,252) | (25,252) | (17,068) | ||||
Purchase of treasury stock | (114) | (114) | (114) | |||||
Reissuance of treasury stock | 28 | (10) | 38 | 28 | ||||
Transactions with noncontrolling interests shareholders and other | (95,361) | (53,721) | (53,721) | (41,640) | ||||
Ending Balance at Mar. 31, 2017 | ¥ 3,135,422 | ¥ 860,645 | ¥ 1,275,337 | ¥ 984,368 | ¥ (618,769) | ¥ (4,335) | ¥ 2,497,246 | ¥ 638,176 |
Nature of operations
Nature of operations | 12 Months Ended |
Mar. 31, 2017 | |
Accounting Policies [Abstract] | |
Nature of operations | 1. Nature of operations Sony Corporation and its consolidated subsidiaries (hereinafter collectively referred to as “Sony”) are engaged in the development, design, production, manufacture, offer and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets such as mobile phones, game hardware and software, network services, still and video cameras, televisions, audio and video recorders and players, and semiconductors. Sony’s primary manufacturing facilities are located in Asia including Japan. Sony also utilizes third-party contract manufacturers for certain products. Sony’s products and services are marketed throughout the world by sales subsidiaries and unaffiliated distributors as well as direct sales and offers via the Internet. Sony is engaged in the production, acquisition and distribution of motion pictures and television programming and the operation of television and digital networks. Sony is also engaged in the development, production, manufacture, and distribution of recorded music and the management and licensing of the words and music of songs as well as production and distribution of animation titles, including game applications based on the animation titles. Further, Sony is also engaged in various financial services businesses, including life and non-life |
Summary of significant accounti
Summary of significant accounting policies | 12 Months Ended |
Mar. 31, 2017 | |
Accounting Policies [Abstract] | |
Summary of significant accounting policies | 2. S The accompanying consolidated financial statements are presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Certain adjustments and reclassifications have been incorporated in the accompanying consolidated financial statements to conform with U.S. GAAP. These adjustments were not recorded in the statutory books and records as Sony Corporation and its subsidiaries in Japan maintain their records and prepare their statutory financial statements in accordance with accounting principles generally accepted in Japan, while its foreign subsidiaries maintain their records and prepare their financial statements in conformity with accounting principles generally accepted in the countries of their domicile. (1) Significant accounting policies Basis of consolidation and accounting for investments in affiliated companies - The consolidated financial statements include the accounts of Sony Corporation and its majority-owned subsidiary companies, general partnerships and other entities in which Sony has a controlling interest, and variable interest entities for which Sony is the primary beneficiary. All intercompany transactions and accounts are eliminated. Investments in business entities in which Sony does not have control, but has the ability to exercise significant influence over operating and financial policies, generally through 20-50% 3-5% On occasion, a consolidated subsidiary or an affiliated company accounted for by the equity method may issue its shares to third parties in either a public or private offering or upon conversion of convertible debt to common stock at amounts per share in excess of or less than Sony’s average per share carrying value. With respect to such transactions, the resulting gains or losses arising from the change in ownership interest are recorded in earnings within the fiscal year in which the change in interest transactions occur. Gains or losses that result from a loss of a controlling financial interest in a subsidiary are recorded in earnings along with fair value remeasurement gains or losses on any retained investment in the entity, while a change in interest of a consolidated subsidiary that does not result in a change in control is accounted for as a capital transaction and no gains or losses are recorded in earnings. The excess of the cost over the underlying net equity of investments in consolidated subsidiaries and affiliated companies accounted for on an equity basis is allocated to identifiable tangible and intangible assets and liabilities based on fair values at the date of acquisition. The unassigned residual value of the excess of the cost over Sony’s underlying net equity is recognized as goodwill as a component of the investment balance. Use of estimates - The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates include those used in determining the valuation of investment securities, valuation of inventories, fair values of long-lived assets, fair values of goodwill, intangible assets and assets and liabilities assumed in business combinations, product warranty liability, pension and severance plans, valuation of deferred tax assets, uncertain tax positions, film costs, and insurance related liabilities. Actual results could significantly differ from those estimates. Translation of foreign currencies - All asset and liability accounts of foreign subsidiaries and affiliates are translated into Japanese yen at appropriate fiscal year end exchange rates and all income and expense accounts are translated at exchange rates that approximate those rates prevailing at the time of the transactions. The resulting translation adjustments are accumulated as a component of accumulated other comprehensive income. Upon remeasurement of a previously held equity interest in accordance with the accounting guidance for business combinations achieved in stages, accumulated translation adjustments, if any, are included in earnings. Receivables and payables denominated in foreign currencies are translated at appropriate fiscal year end exchange rates and the resulting translation gains or losses are recognized into income. Cash and cash equivalents - Cash and cash equivalents include all highly liquid investments, with original maturities of three months or less, that are readily convertible to known amounts of cash and are so near maturity that they present insignificant risk of changes in value because of changes in interest rates. Marketable debt and equity securities - Debt and equity securities designated as available-for-sale, held-to-maturity available-for-sale held-to-maturity Sony regularly evaluates its investment portfolio to identify other-than-temporary impairments of individual securities. Factors that are considered by Sony in determining whether an other-than-temporary decline in value has occurred include: the length of time and extent to which the market value of the security has been less than its original cost, the financial condition, operating results, business plans and estimated future cash flows of the issuer of the security, other specific factors affecting the market value, deterioration of the credit condition of the issuer, sovereign risk, and whether or not Sony is able to retain the investment for a period of time sufficient to allow for the anticipated recovery in market value. In evaluating the factors for available-for-sale When an other-than-temporary impairment of a held-to-maturity Equity securities in non-public Equity securities in non-public non-public Allowance for doubtful accounts - Sony maintains an allowance for doubtful accounts to reserve for potentially uncollectible receivables. Sony reviews accounts receivable by amounts due from customers which are past due to identify specific customers with known disputes or collectability issues. In determining the amount of the reserve, Sony makes judgments about the creditworthiness of customers based on past collection experience and ongoing credit risk evaluations. Inventories - Inventories in the Mobile Communications (“MC”), Game & Network Services (“G&NS”), Imaging Products & Solutions (“IP&S”), Home Entertainment & Sound (“HE&S”), Semiconductors, Components and Music segments as well as non-film “first-in, first-out” Other receivables - Other receivables include receivables which relate to arrangements with certain component manufacturers whereby Sony procures goods, including product components, for these component manufacturers and is reimbursed for the related purchases. No revenue or profit is recognized on these transfers. Sony will repurchase the inventory at a later date from the component manufacturers as either finished goods inventory or as partially assembled product. Film costs - Film costs include direct production costs, production overhead and acquisition costs for both motion picture and television productions and are stated at the lower of unamortized cost or estimated fair value and classified as noncurrent assets. Film costs are amortized, and the estimated liabilities for residuals and participations are accrued using an individual-film-forecast method based on the ratio of current period actual revenues to the estimated remaining total revenues. Film costs also include broadcasting rights, which are recognized when the license period begins and the program is available for use, and consist of acquired programming to be aired on Sony’s worldwide channel network. Broadcasting rights are stated at the lower of unamortized cost or net realizable value, classified as either current or noncurrent assets based on timing of expected use. Broadcasting rights are amortized based on estimated usage or on a straight-line basis over the useful life, as appropriate, although broadcasting rights licensed under multi-year live-event sports programming agreements are generally amortized based on the ratio of the current period’s actual advertising revenue and an allocation of subscription fee revenue to the estimated total remaining attributable revenues. Estimates used in calculating the fair value of the film costs and the net realizable value of the broadcasting rights are based upon assumptions about future demand and market conditions and are reviewed on a periodic basis. Property, plant and equipment and depreciation - Property, plant and equipment are stated at cost. Depreciation is computed using the straight-line method. Useful lives for depreciation range from two to 50 years for buildings and from two to 10 years for machinery and equipment. Significant renewals and additions are capitalized at cost. Maintenance and repairs, and minor renewals and betterments are charged to income as incurred. Goodwill and other intangible assets - Goodwill and indefinite lived intangible assets are tested annually for impairment during the fourth quarter of the fiscal year and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value below its carrying amount. Such an event or change in circumstances would include unfavorable variances from established business plans, significant changes in forecasted results or volatility inherent to external markets and industries, which are periodically reviewed by Sony’s management. In the fiscal year ended March 31, 2017, Sony elected not to perform an optional qualitative assessment of goodwill and instead proceeded directly to a two-step The fair value of a reporting unit or indefinite lived intangible asset is generally determined using a discounted cash flow analysis. This approach uses significant estimates and assumptions, including projected future cash flows, the timing of such cash flows, discount rates reflecting the risk inherent in future cash flows, perpetual growth rates, earnings multiples, the determination of appropriate comparable entities and the determination of whether a premium or discount should be applied to comparables. Consideration is also given to Sony’s market capitalization in relation to the sum of the calculated fair values of the reporting units, including reporting units with no goodwill, and taking into account corporate level assets and liabilities not assigned to individual reporting units as well as a reasonable control premium. The assumptions used for projected future cash flows and the timing of such cash flows are based on the forecast and mid-range When a business within a reporting unit is disposed of, goodwill is allocated to the disposed business using the relative fair value method. Intangible assets with finite useful lives mainly consist of patent rights, know-how, internal-use know-how; internal-use Capitalized software - The costs related to establishing the technological feasibility of software to be sold, leased or otherwise marketed are expensed as incurred as a part of research and development in cost of sales. Costs that are incurred to produce the finished product after technological feasibility is established are capitalized and amortized to cost of sales over the estimated economic life, which is generally three years. The technological feasibility of game software is established when the product master is completed. Consideration to capitalize game software development costs before this point is limited to the development costs of games for which technological feasibility can be proven at an earlier stage. At each balance sheet date, Sony performs reviews to ensure that unamortized capitalized software costs remain recoverable from future profits of the related software products. The costs incurred for internal-use Deferred insurance acquisition costs - Costs that vary with and are directly related to acquiring new insurance policies are deferred as long as they are recoverable. The deferred insurance acquisition costs include such items as commissions, medical examination costs and inspection report fees, and are subject to recoverability testing at least annually to ensure that the capitalized amounts do not exceed the present value of anticipated gross profits or premiums less benefits and maintenance expenses, as applicable. The deferred insurance acquisition costs for traditional life insurance contracts are amortized over the premium-paying period of the related insurance policies using assumptions consistent with those used in computing policy reserves. The deferred insurance acquisition costs for non-traditional Product warranty - Sony provides for the estimated cost of product warranties at the time revenue is recognized. The product warranty is calculated based upon product sales, estimated probability of failure and estimated cost per claim. The variables used in the calculation of the provision are reviewed on a periodic basis. Certain subsidiaries in the MC, G&NS, IP&S and HE&S segments offer extended warranty programs. The consideration received for extended warranty service is deferred and recognized as revenue on a straight-line basis over the term of the extended warranty. Future insurance policy benefits - Liabilities for future insurance policy benefits are primarily comprised of the present value of estimated future payments to policyholders. These liabilities are computed by the net level premium method based upon the assumptions as to future investment yield, morbidity, mortality, withdrawals and other factors. These assumptions are reviewed on a periodic basis. Liabilities for future insurance policy benefits also include liabilities for guaranteed benefits related to certain non-traditional Policyholders’ account in the life insurance business - Liabilities for policyholders’ account in the life insurance business represent the contract value that has accrued to the benefit of the policyholders as of the balance sheet date. This liability is generally equal to the accumulated account deposits, plus interest credited, less policyholder withdrawals and other charges assessed against the account balances. Impairment of long-lived assets - Sony reviews the recoverability of the carrying value of its long-lived assets held and used, other than goodwill and intangible assets with indefinite lives, and assets to be disposed of, whenever events or changes in circumstances indicate that the individual carrying amount of an asset or asset group may not be recoverable. Long-lived assets to be held and used are reviewed for impairment by comparing the carrying value of the asset or asset group with their estimated undiscounted future cash flows. If the cash flows are determined to be less than the carrying value of the asset or asset group, an impairment loss would be recognized during the period for the amount by which the carrying value of the asset or asset group exceeds estimated fair value. Long-lived assets that are to be disposed of other than by sale are considered held and used until they are disposed of. Long-lived assets that are to be disposed of by sale are reported at the lower of their carrying value or fair value less cost to sell and are not depreciated. Fair value is determined using the present value of estimated net cash flows or comparable market values. This approach uses significant estimates and assumptions including projected future cash flows, the timing of such cash flows, discount rates reflecting the risk inherent in future cash flows, perpetual growth rates applied to determine terminal values, determination of appropriate market comparables and the determination of whether a premium or discount should be applied to comparables. Fair value measurement - Sony measures fair value as an exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. Sony has elected the fair value option in the banking business for certain foreign securities. The election was made to mitigate accounting mismatches related to fluctuations of foreign exchange rates by allowing the gains and losses on the translation of these securities to be included in current earnings. The accounting guidance for fair value measurements specifies a hierarchy of inputs to valuation techniques based on the extent to which inputs used in measuring fair value are observable in the market. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect Sony’s assumptions about the assumptions that market participants would use in pricing the asset or liability. Observable market data is used if such data is available without undue cost and effort. Each fair value measurement is reported in one of three levels which is determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are: Level 1 — Inputs are unadjusted quoted prices for identical assets and liabilities in active markets. Level 2 — Inputs are based on observable inputs other than level 1 prices, such as quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations, in which all significant inputs are observable in active markets. Level 3 — One or more significant inputs are unobservable. When available, Sony uses unadjusted quoted market prices in active markets to measure fair value and classifies such items within level 1. If quoted market prices are not available, fair value is based upon internally developed valuation techniques that use, where possible, current market-based or independently sourced market parameters, such as interest rates, currency rates and option volatilities. Items valued using internally generated models are classified according to the lowest level input that is significant to the valuation. For certain financial assets and liabilities, Sony determines fair value using third-party information such as indicative quotes from dealers and quantitative input from investment advisors following Sony’s established valuation procedures including validation against internally developed prices. Additionally, Sony considers both counterparty credit risk and Sony’s own creditworthiness in determining fair value. Sony attempts to mitigate credit risk to third parties by entering into netting agreements and actively monitoring the creditworthiness of counterparties and its exposure to credit risk through the use of credit limits and by selecting major international banks and financial institutions as counterparties. Transfers between levels are deemed to have occurred at the beginning of the interim period in which the transfers occur. Derivative financial instruments - All derivatives are recognized as either assets or liabilities in the consolidated balance sheets at fair value on a gross basis. Changes in the fair value of derivative financial instruments are either recognized periodically in income or stockholders’ equity (as a component of accumulated other comprehensive income), depending on whether the derivative financial instrument qualifies as a hedge and the derivative is being used to hedge changes in fair value or cash flows. The accounting guidance for hybrid financial instruments permits an entity to elect fair value remeasurement for any hybrid financial instrument if the hybrid instrument contains an embedded derivative that would otherwise be required to be bifurcated and accounted for separately under accounting guidance for derivative instruments and hedging activities. The election to measure the hybrid instrument at fair value is made on an instrument-by-instrument In accordance with accounting guidance for derivative instruments and hedging activities, various derivative financial instruments held by Sony are classified and accounted for as described below. Fair value hedges Changes in the fair value of derivatives designated and effective as fair value hedges for recognized assets or liabilities or unrecognized firm commitments are recognized in earnings as offsets to changes in the fair value of the related hedged assets or liabilities. Cash flow hedges Changes in the fair value of derivatives designated and effective as cash flow hedges for forecasted transactions or exposures associated with recognized assets or liabilities are initially recorded in other comprehensive income and reclassified into earnings when the hedged transaction affects earnings. Changes in the fair value of the ineffective portion are recognized immediately in earnings. Derivatives not designated as hedges Changes in the fair value of derivatives that are not designated as hedges are recognized immediately in earnings. Assessment of hedges When applying hedge accounting, Sony formally documents all hedging relationships between the derivatives designated as hedges and the hedged items, as well as its risk management objectives and strategies for undertaking various hedging activities. Sony links all hedges that are designated as fair value or cash flow hedges to specific assets or liabilities on the consolidated balance sheets or to the specific forecasted transactions. Sony also assesses, both at the inception of the hedge and on an on-going Stock-based compensation - Sony accounts for stock-based compensation using the fair value based method, measured on the date of grant using the Black-Scholes option-pricing model. The expense is mainly included in selling, general and administrative expenses. Stock-based compensation is recognized, net of an estimated forfeiture rate, over the requisite service period using the accelerated method of amortization for grants with graded vesting. The estimated forfeiture rate is based on Sony’s historical experience in the stock acquisition rights plans where the majority of the vesting terms have been satisfied. Revenue recognition - Revenues from sales in the MC, G&NS, IP&S, HE&S, Semiconductors, Components and Music segments are recognized when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the sales price is fixed or determinable, and collectability is reasonably assured. Delivery is considered to have occurred when the customer has taken title to the product and the risks and rewards of ownership have been substantively transferred. If the sales contract contains a customer acceptance provision, then sales are recognized after customer acceptance occurs or the acceptance provisions lapse. Revenues are recognized net of anticipated returns and sales incentives. Revenues from prepaid subscription fees, such as within the G&NS segment, are recognized ratably over the subscription term. Revenue arrangements with customers may include multiple elements, including any combination of products, services and software. An example includes sales of electronics products with rights to receive promotional goods. For Sony’s multiple element arrangements where at least one of the elements is not subject to existing software or film revenue recognition guidance, elements are separated into more than one unit of accounting when the delivered element(s) have value to the customer on a standalone basis, and delivery of the undelivered element(s) is probable and substantially in the control of Sony. Revenue is then allocated to each unit of accounting based on the relative selling price of each unit of accounting based first on vendor-specific objective evidence of selling price (“VSOE”) if it exists, based next on third-party evidence of selling price (“TPE”) if VSOE does not exist, and, finally, if both VSOE and TPE do not exist, based on estimated selling prices (“ESP”). VSOE is limited to either the price charged for an element when it is sold separately or, for an element not yet being sold separately, the price established by management having the relevant authority; it must be probable that the price, once established, will not change before the separate introduction of the element into the market place. TPE is the price of Sony’s or any competitor’s largely interchangeable products or services in standalone sales to similarly situated customers. ESP is the price at which Sony would transact if the element were sold by Sony regularly on a standalone basis. When determining ESP, Sony considers all relevant inputs, including sales, cost and margin analysis of the product, targeted rate of return of the product, competitors’ and Sony’s pricing practices and customer perspectives. Certain software products published by Sony provide limited on-line on-line Revenues from sales in the Pictures segment are recognized when persuasive evidence of an arrangement exists, the sales price is fixed or determinable and collectability is reasonably assured. Revenues from the theatrical exhibition of motion pictures are recognized as the customer exhibits the film. Revenues from the licensing of motion picture and television programming for pay and free television exhibition and other markets are recognized when the product is available for exploitation by the licensee and when any restrictions regarding the use of the product lapse. For home entertainment distribution, revenues from the sale of DVDs and Blu-ray TM , net of anticipated returns and sales incentives, are recognized when the product is available for sale to the public, and revenues from electronic sell-through and video-on-demand Traditional life insurance policies that the life insurance subsidiary underwrites, most of which are categorized as long-duration contracts, mainly consist of whole life, term life and accident and health insurance contracts. Premiums from these policies are reported as revenue when due from policyholders. Amounts received as payment for non-traditional Property and casualty insurance policies that the non-life Revenue is recognized net of any taxes collected from customers and subsequently remitted to governmental authorities. Consideration given to a customer or a reseller - Sales incentives or other cash consideration given to a customer or a reseller, including payments for buydowns, slotting fees and cooperative advertising programs, are accounted for as a reduction of revenue unless Sony receives an identifiable benefit (goods or services) in exchange for the consideration, the fair value of the benefit is reasonably estimated and documentation from the reseller is received to support the amounts paid to the reseller. Payments meeting these criteria are recorded as selling, general and administrative expenses. For the fiscal years ended March 31, 2015, 2016 and 2017, consideration given to a reseller, primarily for free promotional shipping and cooperative advertising programs included in selling, general and administrative expenses, totaled 10,503 million yen, 13,178 million yen and 12,046 million yen, respectively. Cost of sales - Costs classified as cost of sales relate to the producing and manufacturing of products and include items such as material cost, subcontractor cost, depreciation of fixed assets, amortization of intangible assets, personnel expenses, research and development costs, and amortization of film costs related to motion picture and television productions. Research and development costs - Research and development costs, included in cost of sales, include items such as salaries, personnel expenses and other direct and indirect expenses associated with research and product development. Research and development costs are expensed as incurred. Selling, general and administrative - Costs classified as selling expenses relate to promoting and selling products and include items such as advertising, promotion, shipping and warranty expenses. General and administrative expenses include operating items such as officers’ salaries, personnel expenses, depreciation of fixed assets, office rental for sales, marketing and administrative divisions, a provision for doubtful accounts and amortization of intangible assets. Financial services expenses - Financial services expenses include a provision for policy reserves and amortization of deferred insurance acquisition costs, and all other operating costs, such as personnel expenses, depreciation of fixed assets, and office rental of subsidiaries, in the Financial Services segment. Advertising costs - Advertising costs are expensed when the advertisement or commercial appears in the selected media. Shipping and handling costs - The majority of shipping and handling, warehousing and internal transfer costs for finished goods are included in selling, general and administrative expenses. An exception to this is in the Pictures segment where such costs are charged to cost of sales as they are an integral part of producing and distributing motion pictures and television programming. All other costs related to Sony’s distribution network are included in cost of sales, including inbound freight charges, purchasing and receiving costs, inspection costs and warehousing costs for raw materials and in-process Income taxes - The provision for income taxes is computed based on the pretax income included in the consolidated statements of income, and the tax liability attributed to undistributed earnings of subsidiaries and affiliated companies accounted for by the equity method expected to be remitted in the foreseeable future. The asset and liability approach is used to recognize deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. Carrying amounts of deferred tax assets require a reduction by a valuation allowance if, based on the available evidence, it is more likely than not that such assets will not be realized. Accordingly, the need to establish valuation allowances for deferred tax assets is assessed periodically with appropriate consideration given to all positive and negative evidence related to the realization of the deferred tax assets. Management’s judgments related to this assessment consider, among other matters, the nature, frequency and severity of current and cumulative losses on an individual tax jurisdiction basis, forecasts of future profitability after consideration of uncertain tax positions, excess of appreciated asset value over the tax basis of net assets, the duration of statutory carryforward periods, the past utilization of net operating loss carryforwards prior to expiration, as well as prudent and feasible tax planning strategies which would be employed by Sony to prevent net operating loss and tax credit carryforwards from expiring unutilized. Sony records assets and liabilities for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. Sony continues to recognize interest and penalties, if any, with respect to income taxes, including unrecognized tax benefits, as interest expense and as income tax expense, respectively, in the consolidated statements of income. The amount of income taxes Sony pays is subject to ongoing audits by various taxing authorities, which may result in proposed assessments. In addition, several significant items related to intercompany transfer pricing are currently the subject of negotiations between taxing authorities in different jurisdictions as a result of pending advance pricing agreement applications and competent authority requests. Sony’s estimate for the potential outcome for any uncertain tax issues is judgmental and requires significant estimates. Sony assesses its income tax positions and records tax benefits for all years subject to examinations based upon the evaluation of the facts, circumstances and information available at that reporting date. For those tax positions for which it is more likely than not that a tax benefit will be sustained, Sony records the amount that has a greater than 50% likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. If Sony does not believe that it is more likely than not that a tax benefit will be sustained, no tax benefit is recognized. However, Sony’s future results may include favorable or unfavorable adjustments to Sony’s estimated tax liabilities due to closure of income tax examinations, the outcome of negotiations between |
Inventories
Inventories | 12 Months Ended |
Mar. 31, 2017 | |
Inventory Disclosure [Abstract] | |
Inventories | 3. Inventories Inventories are comprised of the following: Yen in millions March 31 2016 2017 Finished products 448,273 399,850 Work in process 130,383 140,718 Raw materials, purchased components and supplies 104,490 100,267 Inventories 683,146 640,835 |
Film costs
Film costs | 12 Months Ended |
Mar. 31, 2017 | |
Other Industries [Abstract] | |
Film costs | 4 . F Film costs are comprised of the following: Yen in millions March 31 2016 2017 Motion picture productions: Released 75,218 80,539 Completed and not released 2,304 5,608 In production and development 95,268 94,197 Television productions: Released 88,538 120,693 In production and development 14,410 7,707 Broadcasting rights 62,589 65,725 Less: current portion of broadcasting rights included in inventories (37,099 ) (37,541 ) Film costs 301,228 336,928 Sony estimates that approximately 93% of the unamortized film costs of released motion picture and television productions at March 31, 2017 will be amortized within the next three years. Approximately 142 billion yen of completed film costs are expected to be amortized during the next twelve months. Approximately 167 billion yen of accrued participation liabilities included in accounts payable, other and accrued expenses are expected to be paid during the next twelve months. |
Investments in affiliated compa
Investments in affiliated companies | 12 Months Ended |
Mar. 31, 2017 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Investments in affiliated companies | Investments in affiliated companies The summarized combined financial information that is based on information provided by the equity investees including information for significant equity affiliates and the reconciliation of such information to the consolidated financial statements is shown below: Balance Sheets Yen in millions March 31 2016 2017 Current assets 367,465 361,492 Noncurrent assets 773,126 834,765 Current liabilities 245,731 248,450 Noncurrent liabilities and noncontrolling interests 709,134 761,546 Percentage of ownership in equity investees 20%-50 % 20%-50 % Statements of Income Yen in millions Fiscal year ended March 31 2015 2016 2017 Net revenues 308,399 358,256 387,229 Operating income 34,962 32,884 37,800 Net income (loss) attributable to controlling interests (5,461 ) 8,388 11,529 Percentage of ownership in equity investees 20%-50 % 20%-50 % 20%-50 % On June 29, 2012, an investor group which included a wholly-owned subsidiary of Sony Corporation completed its acquisition of EMI Music Publishing. To effect the acquisition, the investor group formed DH Publishing, L.P. (“DHP”), which acquired EMI Music Publishing for total consideration of 2.2 billion U.S. dollars. Sony invested 320 million U.S. dollars in DHP, through Nile Acquisition LLC, for a 39.8% equity interest. Nile Acquisition LLC is a joint venture with the third-party investor of Sony’s U.S.- based music publishing subsidiary in which Sony holds a 74.9% ownership interest. Sony accounts for its interest in DHP under the equity method. In addition, DHP entered into an agreement with Sony’s U.S.-based music publishing subsidiary in which the subsidiary provides administration services to DHP. DHP was determined to be a variable interest entity (“VIE”) as described in Note 23. On January 30, 2017, Sony sold 17,302,700 shares of its 127,381,600 shares in its affiliated company M3, Inc. (“M3”) to a third party for cash consideration of 51,968 million yen, which is included within other in the investing activities section of the consolidated statements of cash flows. In connection with the sale, Sony’s share ownership decreased from 39.35% to 34.0% of the issued and outstanding shares of M3 and Sony recorded a gain of 37,167 million yen in other operating expense, net in the consolidated statements of income for the fiscal year ended March 31, 2017. Sony continues to account for its remaining interest in M3 under the equity method. Sony remains a major shareholder of M3 and will continue to pursue opportunities to collaborate with M3 in certain business areas, including medical. The carrying value of Sony’s investment in M3 exceeded its proportionate share in the underlying net assets of M3 by 95,609 million yen at March 31, 2017. The excess is substantially attributable to the remeasurement to fair value of the remaining shares of M3, and allocated to identifiable tangible and intangible assets. The intangible assets relate primarily to M3’s medical web-portal. With the exception of M3 as described above, there was no significant difference between Sony’s proportionate share in the underlying net assets of the investees and the carrying value of investments in affiliated companies at March 31, 2016 and 2017. Several affiliated companies are listed on the Tokyo Stock Exchange and Sony’s investments in these companies have an aggregate carrying value and fair value of 96,494 million yen and 314,188 million yen, respectively, as of March 31, 2017. The number of affiliated companies accounted for under the equity method as of March 31, 2016 and 2017 were 102 and 109, respectively. Account balances and transactions with affiliated companies accounted for under the equity method are presented below. There are no other material transactions or account balances with any other related parties. Yen in millions March 31 2016 2017 Accounts receivable, trade 9,740 10,873 Accounts payable, trade 2,044 2,525 Capital lease obligations 21,025 10,105 Yen in millions Fiscal year ended March 31 2015 2016 2017 Sales 29,393 33,569 31,238 Purchases 1,498 2,259 1,966 Lease payments 36,642 32,291 16,492 Sony entered into sale and leaseback transactions regarding certain machinery and equipment with SFI Leasing Company, Limited (“SFIL”), a leasing company in Japan, in the fiscal years ended March 31, 2015, 2016 and 2017. SFIL is accounted for under the equity method and is 34% owned by Sony. Refer to Note 8. MITSUI-SOKO Supply Chain Solutions, Inc. is accounted for under the equity method and is 34% owned by Sony as a result of the sale of the logistics business on April 1, 2015. As of the fiscal years ended March 31, 2016 and 2017, account balances with MITSUI-SOKO Supply Chain Solutions, Inc. and its subsidiaries were 4,741 million yen and 4,922 million yen, respectively, which are mainly included in accrued expenses. For the fiscal years ended March 31, 2016 and 2017, transactions were 22,576 million yen and 13,752 million yen, respectively, which are mainly included in general and administrative expenses. Refer to Note 25. Dividends from affiliated companies accounted for under the equity method for the fiscal years ended March 31, 2015, 2016 and 2017 were 6,149 million yen, 7,282 million yen and 7,970 million yen, respectively. |
Transfer of financial assets
Transfer of financial assets | 12 Months Ended |
Mar. 31, 2017 | |
Transfers and Servicing [Abstract] | |
Transfer of financial assets | 6. Transfer of financial assets Sony has established several accounts receivable sales programs mainly within the Electronics business. Through these programs, Sony can sell receivables to a commercial bank or a special purpose entity associated with a sponsor bank. Total receivables sold during the fiscal years ended March 31, 2015, 2016 and 2017 were 633,190 million yen, 53,267 million yen and 73,185 million yen, respectively. These transactions are accounted for as sales in accordance with the accounting guidance for transfers of financial assets, because Sony has relinquished control of the receivables. Gains and losses from these transactions, other than as described below, were insignificant, and although Sony continues servicing the receivables subsequent to being sold or contributed, no servicing liabilities are recorded as the costs of collection of the sold receivables are insignificant. Other than the cash proceeds from the sales below, net cash flows related to these transactions, including servicing fees, for the fiscal years ended March 31, 2015, 2016 and 2017 were insignificant. Certain programs require that a portion of the sales proceeds be held back and deferred until collection of the related receivables by the purchaser. The portion of the sales proceeds held back and deferred are initially recorded at estimated fair value using a discounted cash flow model and are included in other current assets and other long-term assets. The significant assumptions used in valuing the deferred proceeds are the discount rate, the timing and amount of the cash flows. Sony includes collections on deferred proceeds as cash flows within operating activities in the consolidated statements of cash flows when the receivables are the result of operating activities and the associated interest rate risk is insignificant due to their short-term nature. When the interest rate risk associated with the deferred proceeds is greater than insignificant or the receivables are long-term in nature, as is the case for the program in the Pictures segment, Sony includes collections on deferred proceeds as cash flows within investing activities in the consolidated statements of cash flows. In August 2014, Sony terminated an accounts receivable sales program within the Electronics business in the United States. The program required that a portion of the sales proceeds be held back and deferred until collection of the related receivables by the purchaser. Total trade receivables sold, deferred proceeds from those sales and collections of deferred proceeds during the fiscal years ended March 31, 2015, 2016 and 2017 were as follows: Yen in millions Fiscal year ended March 31 2015 2016 2017 Total trade receivables sold 50,400 — — Deferred proceeds 16,150 — — Collections of deferred proceeds 22,512 — — In May 2016, Sony terminated an accounts receivable sales program within the Pictures segment in the United States. The program required that a portion of the sales proceeds be held back and deferred until collection of the related receivables by the purchaser, and the deferred proceeds totaled 30,893 million yen and 30,291 million yen as of March 31, 2015 and 2016, respectively. Total trade receivables sold, deferred proceeds from those sales and collections of deferred proceeds during the fiscal years ended March 31, 2015, 2016 and 2017 were as follows: Yen in millions Fiscal year ended March 31 2015 2016 2017 Total trade receivables sold 4,237 2,918 238 Deferred proceeds 4,237 2,918 238 Collections of deferred proceeds — 2,298 1,202 Certain of the accounts receivable sales programs above also involve VIEs. Refer to Note 23. |
Marketable securities and secur
Marketable securities and securities investments | 12 Months Ended |
Mar. 31, 2017 | |
Investments, Debt and Equity Securities [Abstract] | |
Marketable securities and securities investments | 7. Marketable securities and s Marketable securities and securities investments, primarily included in the Financial Services segment, are comprised of debt and equity securities for which the aggregate cost, gross unrealized gains and losses and fair value pertaining to available-for-sale held-to-maturity Yen in millions March 31, 2016 March 31, 2017 Cost Gross Gross Fair value Cost Gross Gross Fair value Available-for-sale: Debt securities: Japanese national government bonds 1,136,478 218,863 (6 ) 1,355,335 1,161,493 182,836 (928 ) 1,343,401 Japanese local government bonds 60,707 86 (254 ) 60,539 60,450 144 (63 ) 60,531 Japanese corporate bonds 132,739 11,472 (230 ) 143,981 163,785 7,864 (1,846 ) 169,803 Foreign government bonds 35,896 5,724 (160 ) 41,460 27,601 359 (918 ) 27,042 Foreign corporate bonds 415,994 5,738 (3,185 ) 418,547 396,097 4,168 (719 ) 399,546 Other 884 0 — 884 15,192 — (0 ) 15,192 1,782,698 241,883 (3,835 ) 2,020,746 1,824,618 195,371 (4,474 ) 2,015,515 Equity securities 44,752 70,590 (21 ) 115,321 55,928 69,937 (377 ) 125,488 Held-to-maturity Japanese national government bonds 5,353,080 2,020,621 — 7,373,701 5,661,191 1,520,904 (30,553 ) 7,151,542 Japanese local government bonds 4,480 522 — 5,002 4,101 449 — 4,550 Japanese corporate bonds 61,811 17,382 — 79,193 230,011 12,346 (22,071 ) 220,286 Foreign government bonds 42,934 10,631 — 53,565 253,019 5,269 (22,868 ) 235,420 Foreign corporate bonds 198 24 — 222 198 18 — 216 5,462,503 2,049,180 — 7,511,683 6,148,520 1,538,986 (75,492 ) 7,612,014 Total 7,289,953 2,361,653 (3,856 ) 9,647,750 8,029,066 1,804,294 (80,343 ) 9,753,017 The following table presents the cost and fair value of debt securities classified as available-for-sale held-to-maturity Yen in millions March 31, 2017 Available-for-sale Held-to-maturity Cost Fair value Cost Fair value Due in one year or less 139,341 135,351 6,972 7,058 Due after one year through five years 411,540 416,016 19,916 20,761 Due after five years through ten years 283,286 318,272 337,696 390,072 Due after ten years 990,451 1,145,876 5,783,936 7,194,123 Total 1,824,618 2,015,515 6,148,520 7,612,014 Proceeds from sales of available-for-sale available-for-sale Marketable securities classified as trading securities, which consist of debt and equity securities held primarily in the Financial Services segment, totaled 799,241 million yen and 921,320 million yen as of March 31, 2016 and 2017, respectively. Sony recorded net unrealized gains of 100,312 million yen, net unrealized losses of 45,841 million yen, and net unrealized gains of 56,593 million yen for the fiscal years ended March 31 2015, 2016 and 2017, respectively. Changes in the fair value of trading securities are primarily recognized in financial services revenue in the consolidated statements of income. In the ordinary course of business, Sony maintains long-term investment securities, included in securities investments and other, issued by a number of non-public non-public Non-public The following tables present the gross unrealized losses on, and fair value of, Sony’s investment securities with unrealized losses, aggregated by investment category and the length of time that individual investment securities have been in a continuous unrealized loss position, at March 31, 2016 and 2017. Yen in millions March 31, 2016 Less than 12 months 12 months or more Total Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses Available-for-sale: Debt securities: Japanese national government bonds 2,056 (6 ) — — 2,056 (6 ) Japanese local government bonds 38,383 (223 ) 2,929 (31 ) 41,312 (254 ) Japanese corporate bonds 41,206 (201 ) 3,125 (29 ) 44,331 (230 ) Foreign government bonds 5,882 (147 ) 1,140 (13 ) 7,022 (160 ) Foreign corporate bonds 127,369 (2,535 ) 30,919 (650 ) 158,288 (3,185 ) 214,896 (3,112 ) 38,113 (723 ) 253,009 (3,835 ) Equity securities 166 (10 ) 10 (11 ) 176 (21 ) Total 215,062 (3,122 ) 38,123 (734 ) 253,185 (3,856 ) Yen in millions March 31, 2017 Less than 12 months 12 months or more Total Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses Available-for-sale: Debt securities: Japanese national government bonds 52,825 (909 ) 2,018 (19 ) 54,843 (928 ) Japanese local government bonds 3,793 (6 ) 14,270 (57 ) 18,063 (63 ) Japanese corporate bonds 53,302 (1,761 ) 20,489 (85 ) 73,791 (1,846 ) Foreign government bonds 10,258 (577 ) 7,792 (341 ) 18,050 (918 ) Foreign corporate bonds 27,944 (143 ) 24,662 (576 ) 52,606 (719 ) 148,122 (3,396 ) 69,231 (1,078 ) 217,353 (4,474 ) Equity securities 11,878 (370 ) 9 (7 ) 11,887 (377 ) Held-to-maturity Japanese national government bonds 277,328 (30,553 ) — — 277,328 (30,553 ) Japanese local government bonds — — — — — — Japanese corporate bonds 146,004 (22,071 ) — — 146,004 (22,071 ) Foreign government bonds 196,740 (22,868 ) — — 196,740 (22,868 ) Foreign corporate bonds — — — — — — 620,072 (75,492 ) — — 620,072 (75,492 ) Total 780,072 (79,258 ) 69,240 (1,085 ) 849,312 (80,343 ) For the fiscal years ended March 31, 2015, 2016 and 2017, total realized impairment losses were 949 million yen, 3,566 million yen and 7,566 million yen, respectively. At March 31, 2017, Sony determined that the decline in value for securities with unrealized losses shown in the above table is not other-than-temporary in nature. |
Leases
Leases | 12 Months Ended |
Mar. 31, 2017 | |
Leases [Abstract] | |
Leases | 8. Leases Sony leases certain communication and commercial equipment, plant, office space, warehouses, employees’ residential facilities and other assets. Certain of these leases have renewal and purchase options. Sony has also entered into capital lease arrangements with third parties to finance certain of its motion picture productions, as well as sale and leaseback transactions for office buildings, machinery and equipment. (1) Capital leases Leased assets under capital leases are comprised of the following: Yen in millions March 31 Class of property 2016 2017 Machinery, equipment and others 123,816 66,722 Film costs 6,696 4,943 Accumulated amortization (96,270 ) (53,330 ) 34,242 18,335 The following is a schedule by fiscal year of the future minimum lease payments under capital leases together with the present value of the net minimum lease payments as of March 31, 2017: Fiscal year ending March 31 Yen in millions 2018 7,686 2019 6,765 2020 6,039 2021 5,095 2022 2,857 Later fiscal years 5,098 Total minimum lease payments 33,540 Less — Amount representing interest 2,310 Present value of net minimum lease payments 31,230 Less — Current obligations 7,344 Long-term capital lease obligations 23,886 (2) Operating leases The minimum rental payments required under operating leases that have initial or remaining noncancelable lease terms in excess of one year at March 31, 2017 are as follows: Fiscal year ending March 31 Yen in millions 2018 54,727 2019 37,464 2020 46,378 2021 23,647 2022 19,044 Later fiscal years 87,260 Total minimum future rentals 268,520 Rental expenses under operating leases for the fiscal years ended March 31, 2015, 2016 and 2017 were 92,828 million yen, 94,000 million yen and 77,976 million yen, respectively. Sublease rentals received under operating leases for the fiscal years ended March 31, 2015, 2016 and 2017 were 1,180 million yen, 1,138 million yen and 1,157 million yen, respectively. The total minimum rentals to be received in the future under noncancelable subleases for operating leases as of March 31, 2017 were 1,831 million yen. (3) Sale and leaseback transactions Sale and leaseback transactions with SFIL - Sony entered into sale and leaseback transactions regarding certain machinery and equipment with SFIL. In the fiscal years ended March 31, 2015, 2016 and 2017, transactions with total proceeds of 8,391 million yen, 1,856 million yen and 2,679 million yen, respectively and terms which averaged two years, have been accounted for as financings and are included within proceeds from issuance of long-term debt in the financing activities section of the consolidated statements of cash flows. |
Goodwill and intangible assets
Goodwill and intangible assets | 12 Months Ended |
Mar. 31, 2017 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and intangible assets | 9. Intangible assets acquired during the fiscal year ended March 31, 2017 totaled 109,726 million yen, of which 109,492 million yen is subject to amortization, and are comprised of the following: Intangible assets acquired during the fiscal year Weighted-average Yen in millions Years Patent rights, know-how 4,417 7 Software to be sold, leased or otherwise marketed 17,004 3 Internal-use 58,097 5 Other 29,974 11 In the fiscal year ended March 31, 2017, additions to internal-use Intangible assets subject to amortization are comprised of the following: Yen in millions March 31, 2016 March 31, 2017 Gross carrying Accumulated Gross carrying Accumulated amortization Patent rights, know-how 337,675 (223,738 ) 317,337 (251,401 ) Customer relationships 36,925 (12,531 ) 37,289 (15,585 ) Trademarks 29,825 (12,979 ) 31,630 (15,554 ) Software to be sold, leased or otherwise marketed 126,743 (94,009 ) 117,897 (86,661 ) Internal-use 448,109 (297,057 ) 473,750 (310,408 ) Music catalogs 217,056 (91,303 ) 218,321 (95,367 ) Artist contracts 31,923 (28,857 ) 31,393 (29,001 ) Television carriage contracts (broadcasting agreements) 59,607 (15,563 ) 74,780 (21,986 ) Other 59,218 (47,475 ) 62,212 (46,624 ) Total 1,347,081 (823,512 ) 1,364,609 (872,587 ) The aggregate amortization expense for intangible assets for the fiscal years ended March 31, 2015, 2016 and 2017 was 132,228 million yen, 125,616 million yen and 121,634 million yen, respectively. The estimated aggregate amortization expense for intangible assets for the next five fiscal years is as follows: Fiscal year ending March 31 Yen in millions 2018 104,291 2019 74,247 2020 56,934 2021 42,996 2022 30,253 Total carrying amount of intangible assets having an indefinite life are comprised of the following: Yen in millions March 31 2016 2017 Trademarks 70,081 70,220 Distribution agreements 18,834 18,834 Other 3,270 3,109 Total 92,185 92,163 The changes in the carrying amount of goodwill by segment for the fiscal years ended March 31, 2016 and 2017 are as follows: Yen in millions MC G&NS IP&S HE&S Semiconductors Components Pictures Music Financial All Other Total Balance, March 31, 2015: Goodwill — gross 179,331 154,399 7,186 5,320 33,006 4,756 224,239 132,675 3,020 24,386 768,318 Accumulated impairments (176,045 ) — (300 ) (5,320 ) — — — (306 ) (706 ) (24,386 ) (207,063 ) Goodwill 3,286 154,399 6,886 — 33,006 4,756 224,239 132,369 2,314 — 561,255 Increase (decrease) due to: Acquisitions *1 — — 1,589 — 18,035 2,599 12,082 38,487 — — 72,792 Sales and dispositions — — — — — — — — — — — Impairments — — — — — — — — — — — Translation adjustments — (2,106 ) (138 ) — (1,420 ) (205 ) (14,804 ) (9,084 ) — — (27,757 ) Other — — — — — — — — — — — Balance, March 31, 2016: Goodwill — gross 179,331 152,293 8,637 5,320 49,621 7,150 221,517 162,078 3,020 24,386 813,353 Accumulated impairments (176,045 ) — (300 ) (5,320 ) — — — (306 ) (706 ) (24,386 ) (207,063 ) Goodwill 3,286 152,293 8,337 — 49,621 7,150 221,517 161,772 2,314 — 606,290 Increase (decrease) due to: Acquisitions *2 — — — — — — 29,363 7,689 61 — 37,113 Sales and dispositions — — — — — — (60 ) — — — (60 ) Impairments — — — — — — (112,069 ) — — — (112,069 ) Translation adjustments — (355 ) (186 ) — (77 ) (11 ) (598 ) (3,351 ) — — (4,578 ) Other — — — — (1,475 ) (2,683 ) — — — — (4,158 ) Balance, March 31, 2017: Goodwill — gross 179,331 151,938 8,451 5,320 48,069 4,456 246,085 166,416 3,081 24,386 837,533 Accumulated impairments (176,045 ) — (300 ) (5,320 ) — — (107,932 ) (306 ) (706 ) (24,386 ) (314,995 ) Goodwill 3,286 151,938 8,151 — 48,069 4,456 138,153 166,110 2,375 — 522,538 Sony realigned its business segments during the fiscal year ended March 31, 2017. As a result of this realignment, Sony has separated the Devices segment into the Semiconductors segment and the Components segment. As part of this realignment, the carrying amounts of associated goodwill for the former Devices segment have been reclassified into the Semiconductors segment and the Components segment using relative fair value method for the fiscal years ended March 31, 2015 and 2016. Refer to Note 28. *1 Acquisitions for the fiscal year ended March 31, 2016 relate mainly to the Altair Semiconductor Ltd. (“Altair”) acquisition in the Semiconductors segment and the Components segment, and the Orchard Media, Inc. (“The Orchard”) acquisition in the Music segment. Refer to Note 24. *2 Acquisitions for the fiscal year ended March 31, 2017 relate mainly to the TEN Sports Network acquisition in the Pictures segment. Refer to Note 24. Impairment of goodwill related to mobile communications business - During the fiscal year ended March 31, 2015, Sony recorded an impairment loss of 176,045 million yen in the MC segment. The goodwill impairment reflected a revision in the strategy for the MC business to concentrate on its premium lineup and reduce the number of models in the mid-range In conjunction with Sony’s review for goodwill impairment, Sony also assessed whether the carrying amount of any of the tangible or definite-lived intangible assets of the MC segment was recoverable. As a result of the assessment, Sony determined that there were no tangible or definite-lived intangible assets within the MC segment that were impaired. Impairment of goodwill in the Pictures segment - During the fiscal year ended March 31, 2017, Sony made a downward revision in the future profitability projection for the Motion Pictures business within the Pictures segment primarily due to a lowering of previous expectations regarding the home entertainment business, mainly driven by an acceleration of market decline. The future profitability projection for the Motion Pictures business also reflected a reduction in underlying profitability projections of film performance largely mitigated by measures identified to improve the profitability of the Motion Pictures business. Sony assessed the aforementioned events and circumstances and determined that it was more likely than not that the fair value of the Production & Distribution reporting unit (which includes the Motion Pictures and the Television Productions businesses) was less than its carrying value. Accordingly, Sony conducted the goodwill impairment tests using this new profitability projection and recalculated the implied fair value of the goodwill of the reporting unit. As a result of this recalculation, the carrying value of the goodwill was determined to be zero. Consequently, the entire amount of the goodwill in the Production & Distribution reporting unit, 112,069 million yen, was impaired, in the fiscal year ended March 31, 2017. The impairment loss is included in other operating expense, net in the consolidated statements of income, and is recorded entirely within the Pictures segment. The remaining carrying amount of goodwill in the Pictures segment as of March 31, 2017 is related to the Media Networks business. |
Insurance-related accounts
Insurance-related accounts | 12 Months Ended |
Mar. 31, 2017 | |
Insurance [Abstract] | |
Insurance-related accounts | 10. Insurance-related accounts Sony’s Financial Services segment subsidiaries in Japan maintain their accounting records as described in Note 2 in accordance with the accounting principles and practices generally accepted in Japan, which vary in some respects from U.S. GAAP. Those differences are mainly that insurance acquisition costs for life and non-life The combined amounts of statutory net equity of the insurance subsidiaries, which is not measured in accordance with U.S. GAAP, as of March 31, 2016 and 2017 were 510,501 million yen and 502,999 million yen, respectively. (1) Insurance policies Life insurance policies that a subsidiary in the Financial Services segment underwrites, most of which are categorized as long-duration contracts, mainly consist of whole life, term life and accident and health insurance contracts. The life insurance revenues for the fiscal years ended March 31, 2015, 2016 and 2017 were 693,132 million yen, 803,549 million yen and 754,242 million yen, respectively. Property and casualty insurance policies that a subsidiary in the Financial Services segment underwrites are primarily automotive insurance contracts, which are categorized as short-duration contracts. The non-life (2) Deferred insurance acquisition costs Amortization of deferred insurance acquisition costs charged to income for the fiscal years ended March 31, 2015, 2016 and 2017 amounted to 56,530 million yen, 92,203 million yen and 36,130 million yen, respectively. (3) Future insurance policy benefits Liabilities for future policy benefits, which mainly relate to individual life insurance policies, are established in amounts adequate to meet the estimated future obligations of policies in force. These liabilities, which require significant management judgment and estimates, are computed by the net level premium method based upon the assumptions as to future investment yield, morbidity, mortality, withdrawals and other factors. Future policy benefits are computed using interest rates ranging from 1.0% to 4.5% and are based on factors such as market conditions and expected investment returns. Morbidity, mortality and withdrawal assumptions for all policies are based on either the subsidiary’s own experience or various actuarial tables. Generally these assumptions are locked-in (4) Policyholders’ account in the life insurance business Policyholders’ account in the life insurance business represents an accumulation of account deposits plus credited interest less withdrawals, expenses and mortality charges. Policyholders’ account includes universal life insurance and investment contracts. Universal life insurance includes interest sensitive whole life contracts and variable contracts. The credited rates associated with interest sensitive whole life contracts range from 1.8% to 2.0%. For variable contracts, policy values are expressed in terms of investment units. Each unit is linked to an asset portfolio. The value of a unit increases or decreases based on the value of the linked asset portfolio. Investment contracts mainly include single payment endowment contracts, single payment educational endowment contracts, individual variable annuities and policies after the start of annuity payments. The credited rates associated with investment contracts, except for individual variable annuities, range from 0.01% to 6.3%. For individual variable annuities, policy values are expressed in terms of investment units. Each unit is linked to an asset portfolio. The value of a unit increases or decreases based on the value of the linked asset portfolio. Policyholders’ account in the life insurance business is comprised of the following: Yen in millions March 31 2016 2017 Universal life insurance 1,634,642 1,809,142 Investment contracts 638,737 686,182 Other 127,941 135,749 Total 2,401,320 2,631,073 |
Short-term borrowings and long-
Short-term borrowings and long-term debt | 12 Months Ended |
Mar. 31, 2017 | |
Debt Disclosure [Abstract] | |
Short-term borrowings and long-term debt | 11. Short-term borrowings and long-term debt Short-term borrowings are comprised of the following: Yen in millions March 31 2016 2017 Unsecured loans: with a weighted-average interest rate of 7.70% with a weighted-average interest rate of 7.29% 86,467 64,046 Secured loans: with a weighted-average interest rate of 0.00% 20,000 Repurchase agreement: with a weighted-average interest rate of 0.01% 62,805 with a weighted-average interest rate of 0.01% 310,609 Secured call money: with a weighted-average interest rate of (0.08)% 70,000 149,272 464,655 At March 31, 2017, a certain subsidiary in the Financial Services segment pledged marketable securities and securities investments with a book value of 61,994 million yen as collateral for 20,000 million yen of a short-term secured loan and 20,000 million yen of a long-term secured loan. At March 31, 2017, a certain subsidiary in the Financial Services segment pledged securities investments with a book value of 247,961 million yen as collateral for 310,609 million yen of short-term repurchase agreements. The repurchase agreement provides for net settlement upon a termination event. At March 31, 2017, a certain subsidiary in the Financial Services segment pledged marketable securities and securities investments with a book value of 88,007 million yen as collateral for 70,000 million yen of secured call money. In addition, certain subsidiaries in the Financial Services segment pledged marketable securities and securities investments with an aggregate book value of 14,330 million yen as collateral for cash settlements, variation margins of futures markets and certain other purposes. Long-term debt is comprised of the following: Yen in millions March 31 2016 2017 Unsecured loans, representing obligations principally to banks: Due 2016 to 2024, with interest rates ranging from 0.27% to 5.47% per annum 237,850 Due 2017 to 2024, with interest rates ranging from 0.24% to 5.10% per annum 63,248 Unsecured 0.55% bonds, due 2016 10,000 Unsecured 0.66% bonds, due 2017 45,000 Unsecured 0.43% bonds, due 2018 10,000 10,000 Unsecured 0.86% bonds, due 2018 150,000 150,000 Unsecured 2.00% bonds, due 2018 16,300 16,300 Unsecured 0.05% bonds, due 2019 69,793 Unsecured 2.07% bonds, due 2019 50,000 50,000 Unsecured 0.23% bonds, due 2021 89,670 Unsecured 1.41% bonds, due 2022 10,000 10,000 Unsecured 0.28% bonds, due 2023 15,000 Unsecured 0.42% bonds, due 2026 24,887 Unsecured zero coupon convertible bonds, due 2022 120,000 120,000 Secured 0.10% loans, due 2016 to 2019 40,000 Secured 0.00% loans, due 2019 to 2020 70,000 Capital lease obligations and other: Due 2016 to 2024, with interest rates ranging from 0.36% to 9.99% per annum 43,248 Due 2017 to 2027, with interest rates ranging from 0.36% to 8.90% per annum 34,224 Guarantee deposits received 11,875 11,764 744,273 734,886 Less — Portion due within one year 187,668 53,424 556,605 681,462 At March 31, 2017, a certain subsidiary in the Financial Services segment pledged housing loans with a book value of 87,627 million yen as collateral for 50,000 million yen of a long-term loan. In March 2012, Sony executed a 1,365 million U.S. dollar unsecured bank loan with a group of lenders having six to ten year maturity terms in connection with Sony’s acquisition of Ericsson’s 50% equity interest in Sony Ericsson. This bank loan utilizes the Japan Bank for International Cooperation Facility, which was established to facilitate overseas mergers and acquisitions by Japanese companies as a countermeasure against yen appreciation. The terms of this U.S. dollar loan require accelerated repayment of the entire outstanding balance if Sony Corporation or its wholly-owned subsidiaries discontinue the business of mobile devices featuring telephone functionality. In March 2016, Sony repaid 682 million U.S. dollars of the 1,365 million U.S. dollars. In September 2016, Sony repaid the remaining 683 million U.S. dollars. On July 21, 2015, Sony issued 120,000 million yen of 130% callable unsecured zero coupon convertible bonds with stock acquisition rights due 2022 (the “Zero Coupon Convertible Bonds”). The bondholders are entitled to stock acquisition rights effective from September 1, 2015 to September 28, 2022. The initial conversion price is 5,008 yen per common share. In addition to the standard anti-dilution provisions, the conversion price is reduced for a certain period before an early redemption triggered upon the occurrence of certain corporate events including a merger, corporate split and delisting event. The reduced amount of the conversion price will be determined by a formula that is based on the effective date of the reduction and Sony’s common stock price. The reduced conversion price ranges from 3,526.5 yen to 5,008.0 yen per common share. The conversion price is also adjusted for dividends in excess of 25 yen per common share per fiscal year. Sony has the option to redeem all of the Zero Coupon Convertible Bonds outstanding at 100% of the principal amount after July 21, 2020, if the closing sales price per share of Sony’s common stock on the Tokyo Stock Exchange is 130% or more of the conversion price of the Zero Coupon Convertible Bonds for 20 consecutive trading days. Sony was not required to bifurcate any of the embedded features contained in the Zero Coupon Convertible Bonds for accounting purposes. There are no significant adverse debt covenants under the Zero Coupon Convertible Bonds. In September 2016, Sony issued unsecured straight bonds in the aggregate principal amount of 200,000 million yen. Most of the proceeds from the issuance of the bonds have been applied to the repayment of borrowings and debt. Sony intends to apply the remaining proceeds to the repayment of borrowings and debt by the end of July 2017. There are no significant adverse debt covenants or cross-default provisions related to the other short-term borrowings and long-term debt. Aggregate amounts of annual maturities of long-term debt are as follows: Fiscal year ending March 31 Yen in millions 2017 53,424 2018 203,639 2019 145,667 2020 55,000 2021 102,517 Later fiscal years 174,639 Total 734,886 At March 31, 2017, Sony had unused committed lines of credit amounting to 524,880 million yen and can generally borrow up to 180 days from the banks with whom Sony has committed line contracts. Furthermore, at March 31, 2017, Sony has commercial paper programs totaling 836,570 million yen. Sony can issue commercial paper for a period generally not in excess of 270 days up to the size of the programs. |
Housing loans and deposits from
Housing loans and deposits from customers in the banking business | 12 Months Ended |
Mar. 31, 2017 | |
Banking and Thrift [Abstract] | |
Housing loans and deposits from customers in the banking business | 12. (1) Housing loans in the banking business Sony acquires and holds certain financial receivables in the normal course of business. The majority of financing receivables held by Sony consists of housing loans in the banking business and no other significant financial receivables exist. A subsidiary in the banking business monitors the credit quality of housing loans based on the classification set by the financial conditions and the past due status of individual obligors. Past due status is monitored on a daily basis and the aforementioned classification is reviewed on a quarterly basis. The allowance for the credit losses is established based on the aforementioned classifications and the evaluation of collateral. The amount of housing loans in the banking business and the corresponding allowance for credit losses as of March 31, 2016 were 1,235,311 million yen and 910 million yen, respectively, and as of March 31, 2017 were 1,449,790 million yen and 866 million yen, respectively. During the fiscal years ended March 31, 2016 and 2017, charge-offs on housing loans in the banking business and changes in the allowance for credit losses were not significant. The balance of housing loans placed on nonaccrual status or past due status were not significant as of March 31, 2016 and 2017. (2) Deposits from customers in the banking business All deposits from customers in the banking business within the Financial Services segment are interest bearing deposits. At March 31, 2016 and 2017, the balances of time deposits issued in amounts of 10 million yen or more were 247,766 million yen and 275,638 million yen, respectively. These amounts have been classified as current liabilities mainly due to the ability of the customers to make withdrawals prior to maturity. At March 31, 2017, aggregate amounts of annual maturities of time deposits with a remaining term of more than one year are as follows: Fiscal year ending March 31 Yen in millions 2019 59,777 2020 15,411 2021 13,443 2022 9,390 2023 10,619 Later fiscal years 18,771 Total 127,411 |
Fair value measurements
Fair value measurements | 12 Months Ended |
Mar. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair value measurements | 13. As discussed in Note 2, assets and liabilities subject to the accounting guidance for fair value measurements held by Sony are classified and accounted for as described below. (1) Assets and liabilities that are measured at fair value on a recurring basis The following section describes the valuation techniques used by Sony to measure different financial instruments at fair value, including an indication of the level in the fair value hierarchy in which each instrument is generally classified. Trading securities, available-for-sale Where quoted prices are available in an active market, securities are classified in level 1 of the fair value hierarchy. Level 1 securities include exchange-traded equities. If quoted market prices are not available for the specific security or the market is inactive, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows and mainly classified in level 2 of the hierarchy. Level 2 securities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments, such as the majority of government bonds and corporate bonds. In certain cases where there is limited activity or less transparency around inputs to the valuation, securities are classified within level 3 of the fair value hierarchy. Level 3 securities primarily include certain hybrid financial instruments and certain private equity investments not classified within level 1 or level 2. Derivatives Exchange-traded derivatives valued using quoted prices are classified within level 1 of the fair value hierarchy. However, few classes of derivative contracts are listed on an exchange; thus, the majority of Sony’s derivative positions are valued using internally developed models that use as their basis readily observable market parameters — i.e., parameters that are actively quoted and can be validated to external sources, including industry pricing services. Depending on the types and contractual terms of derivatives, fair value can be modeled using a series of techniques, such as the Black-Scholes option pricing model, which are consistently applied. Where derivative products have been established for some time, Sony uses models that are widely accepted in the financial services industry. These models reflect the contractual terms of the derivatives, including the period to maturity, and market-based parameters such as interest rates, volatility, and the credit rating of the counterparty. Further, many of these models do not contain a high level of subjectivity as the techniques used in the models do not require significant judgment, and inputs to the model are readily observable from actively quoted markets. Such instruments are generally classified within level 2 of the fair value hierarchy. In determining the fair value of Sony’s interest rate swap derivatives, Sony uses the present value of expected cash flows based on market observable interest rate yield curves commensurate with the term of each instrument. For foreign currency derivatives, Sony’s approach is to use forward contract and option valuation models employing market observable inputs, such as spot currency rates, time value and option volatilities. These derivatives are classified within level 2 since Sony primarily uses observable inputs in its valuation of its derivative assets and liabilities. The fair value of Sony’s assets and liabilities that are measured at fair value on a recurring basis at March 31, 2016 and 2017 are as follows: Yen in millions March 31, 2016 Presentation in the consolidated balance sheets Level 1 Level 2 Level 3 Total Marketable Securities investments and other Other Liabilities Other Liabilities Assets: Trading securities 501,448 297,793 — 799,241 799,241 — — — Available-for-sale Debt securities Japanese national government bonds — 1,355,335 — 1,355,335 5,084 1,350,251 — — Japanese local government bonds — 60,539 — 60,539 6,515 54,024 — — Japanese corporate bonds — 140,635 3,346 143,981 5,727 138,254 — — Foreign government bonds — 41,460 — 41,460 2,309 39,151 — — Foreign corporate bonds — 402,694 15,853 418,547 124,680 293,867 — — Other — — 884 884 — 884 — — Equity securities 115,200 121 — 115,321 — 115,321 — — Other investments *1 7,179 4,027 13,463 24,669 — 24,669 — — Derivative assets *2 437 17,391 — 17,828 — — 17,257 571 Total assets 624,264 2,319,995 33,546 2,977,805 943,556 2,016,421 17,257 571 Liabilities: Derivative liabilities *2 668 48,467 — 49,135 — — 20,680 28,455 Total liabilities 668 48,467 — 49,135 — — 20,680 28,455 Yen in millions March 31, 2017 Presentation in the consolidated balance sheets Level 1 Level 2 Level 3 Total Marketable Securities Other Liabilities Other Liabilities Assets: Trading securities 611,108 310,212 — 921,320 921,320 — — — Available-for-sale Debt securities Japanese national government bonds — 1,343,401 — 1,343,401 18,483 1,324,918 — — Japanese local government bonds — 60,531 — 60,531 8,518 52,013 — — Japanese corporate bonds — 168,493 1,310 169,803 8,433 161,370 — — Foreign government bonds *3 — 27,042 — 27,042 1,007 26,035 — — Foreign corporate bonds *4 — 358,369 41,177 399,546 86,708 312,838 — — Other *5 — — 15,192 15,192 — 15,192 — — Equity securities 125,306 182 — 125,488 — 125,488 — — Other investments *1 6,589 4,525 10,483 21,597 — 21,597 — — Derivative assets *2 981 26,279 — 27,260 — — 25,409 1,851 Total assets 743,984 2,299,034 68,162 3,111,180 1,044,469 2,039,451 25,409 1,851 Liabilities: Derivative liabilities *2 520 33,930 — 34,450 — — 15,743 18,707 Total liabilities 520 33,930 — 34,450 — — 15,743 18,707 *1 Other investments include certain hybrid financial instruments and certain private equity investments. *2 Derivative assets and liabilities are recognized and disclosed on a gross basis. *3 2,215 million yen are included in foreign securities for which the fair value option has been elected and classified in level 2 and are included in the consolidated balance sheets as securities investments and other. *4 165,236 million yen are included in foreign securities for which the fair value option has been elected and classified in level 2. 32,167 million yen are included in the consolidated balance sheets as marketable securities and 133,069 million yen are included in the consolidated balance sheets as securities investments and other. *5 14,619 million yen are included in foreign securities for which the fair value option has been elected and classified in level 3 and are included in the consolidated balance sheets as securities investments and other. *6 Gains (losses) of 502 million yen arising from financial instruments for which the fair value option has been elected are included in financial services revenue in the consolidated statements of income. Transfers into level 1 were 3,556 million yen and 2,833 million yen for the fiscal years ended March 31, 2016 and 2017, respectively, as quoted prices for certain trading securities and available-for-sale available-for-sale The changes in fair value of level 3 assets and liabilities for the fiscal years ended March 31, 2016 and 2017 are as follows: Yen in millions Fiscal year ended March 31, 2016 Assets Available-for-sale Debt securities Japanese Foreign Other Other Investments Beginning balance 3,506 9,491 — 74,641 Total realized and unrealized gains (losses): Included in earnings *1 6 458 — (2,653 ) Included in other comprehensive income (loss) *2 30 (791 ) — (2,316 ) Purchases 2,798 11,214 1,000 657 Sales (3,000 ) (4,872 ) — — Settlements — (641 ) (116 ) (56,866 ) Transfers into level 3 *3 2,002 1,498 — — Transfers out of level 3 *4 (1,996 ) (504 ) — — Ending balance 3,346 15,853 884 13,463 Changes in unrealized losses relating to instruments still held at reporting date: Included in earnings *1 — (56 ) — (2,653 ) Yen in millions Fiscal year ended March 31, 2017 Assets Available-for-sale Debt securities Japanese Foreign Other Other Investments Beginning balance 3,346 15,853 884 13,463 Total realized and unrealized gains (losses): Included in earnings *1 — 1,091 514 328 Included in other comprehensive income (loss) *2 (20 ) (84 ) (1 ) (2,416 ) Purchases — 35,335 14,026 247 Sales — — — — Settlements — (10,021 ) (231 ) (1,139 ) Transfers into level 3 *3 — 1,008 — — Transfers out of level 3 *4 (2,016 ) (2,005 ) — — Ending balance 1,310 41,177 15,192 10,483 Changes in unrealized gains (losses) relating to instruments still held at reporting date: Included in earnings *1 — 11 79 (27 ) *1 Earning effects are included in financial services revenue in the consolidated statements of income. *2 Unrealized gains (losses) are included in unrealized gains (losses) on securities in the consolidated statements of comprehensive income. *3 Certain corporate bonds were transferred into level 3 because differences between the fair value determined by indicative quotes from dealers and the fair value determined by internally developed prices became significant and the observability of the inputs used decreased. *4 Certain corporate bonds were transferred out of level 3 because quoted prices became available. Level 3 assets include certain private equity investments, and certain domestic and foreign corporate bonds for which quoted prices are not available in a market and where there is less transparency around inputs. In determining the fair value of such assets, Sony uses third-party information such as indicative quotes from dealers without adjustment. For validating the fair values, Sony primarily uses internal models which include management judgment or estimation of assumptions that market participants would use in pricing the asset. (2) Assets and liabilities that are measured at fair value on a nonrecurring basis Sony also has assets and liabilities that are required to be remeasured to fair value on a nonrecurring basis when certain circumstances occur. During the fiscal years ended March 31, 2016 and 2017, such remeasurements to fair value related primarily to the following: During the fiscal year ended March 31, 2016 Estimated fair value Amounts Level 1 Level 2 Level 3 Assets: Long-lived assets impairments — — 19,680 (92,544 ) (92,544 ) During the fiscal year ended March 31, 2017 Estimated fair value Amounts Level 1 Level 2 Level 3 Assets: Long-lived assets impairments — — 72 (39,137 ) Goodwill impairments — — 0 (112,069 ) (151,206 ) Long-lived assets impairments Sony recorded impairment losses of 4,929 million yen for the fiscal year ended March 31, 2015, included within the HE&S segment, related to the LCD television asset group. This impairment loss primarily reflected a decrease in the estimated fair value of property, plant and equipment and certain intangible assets. For the LCD television asset group, the corresponding estimated future cash flows leading to the impairment charge reflected the deterioration in LCD television market conditions in Japan, Europe and North America, and unfavorable foreign exchange rates. Sony recorded impairment losses of 8,608 million yen for the fiscal year ended March 31, 2015, included within All Other, related to long-lived assets in the disc manufacturing business. The long-lived asset impairments in the disc manufacturing business for the fiscal year ended March 31, 2015 related to a lowered forecast of cash flows outside of Japan and the United States, primarily attributable to the manufacturing and distribution operations in Europe, which began additional restructuring activities in March 2015, and reflected the faster-than-expected contraction of the physical media market. Sony recorded an impairment loss of 30,643 million yen for the fiscal year ended March 31, 2016, included within the Components segment, related to long-lived assets in the battery business asset group. In the fiscal year ended March 31, 2016, due to increasingly competitive markets, Sony conducted a further strategic review of the business and evolving market trends. Following this review, Sony further reduced the corresponding estimated future cash flows of this business and the estimated ability to recover the entire carrying amount of the long-lived assets within the period applicable to the impairment determination, resulting in an impairment charge. Sony recorded impairment losses of 59,616 million yen and 23,860 million yen for the fiscal years ended March 31, 2016 and 2017, respectively, included within the Semiconductors segment, related to long-lived assets in the camera module business asset group. Due to a decrease in the projected future demand of camera modules, Sony conducted a strategic review of the business and its market conditions. Following this review, Sony reduced the corresponding estimated future cash flows and the estimated ability to recover the entire carrying amount of the long-lived assets within the period applicable to the impairment determination, resulting in an impairment charge for the fiscal year ended March 31, 2016. Sony decided to halt all development and production of high-functionality camera modules for external sales during the fiscal year ended March 31, 2017. These measurements are classified as level 3 because significant unobservable inputs, such as the condition of the assets or projections of future cash flows, the timing of such cash flows and the discount rate reflecting the risk inherent in future cash flows, were considered in the fair value measurements. For the fiscal year ended March 31, 2015, a discount rate of 10% and projected declining revenue rates ranging from (5)% to (9)% were used in the fair value measurements related to the long-lived assets for the disc manufacturing business. For the fiscal year ended March 31, 2016, a discount rate of 10% and projected revenue growth rates ranging from zero to 14% were used in the fair value measurements related to the long-lived assets for the battery business and a discount rate of 10% and projected revenue growth rates ranging from zero to 108% were used in the fair value measurements related to the long-lived assets for the camera module business. The high end of the camera module revenue growth rate reflects projected revenue from the introduction of new products in the near term. For the fiscal year ended March 31, 2017, a discount rate of 10% and projected declining revenue rates ranging from (1)% to 8% were used in the fair value measurements related to the long-lived assets for the camera module business. Goodwill impairments Sony recorded an impairment loss of 176,045 million yen for the fiscal year ended March 31, 2015 related to goodwill in the MC segment. Refer to Note 9. Sony’s determination of fair value of the MC reporting unit was based on the present value of expected future cash flows. These measurements are classified as a level 3 because significant unobservable inputs, such as the projections of future cash flows, the timing of such cash flows and the discount rate reflecting the risk inherent in future cash flows were considered in the fair value measurements. A discount rate of 12% and projected revenue growth rates ranging from (3)% to 11% were used in the fair value measurements. Sony recorded an impairment loss of 112,069 million yen during the fiscal year ended March 31, 2017 against the goodwill of the Production & Distribution reporting unit in the Pictures segment. Refer to Note 9. Sony’s determination of the estimated fair value of the reporting unit was based on the present value of expected future cash flows including a terminal value which is based on an exit price using an earnings multiple applied to the final year of the forecasted earnings, and which also takes into consideration a control premium. These measurements are classified as level 3 because significant unobservable inputs, such as the projections of future cash flows, the timing of such cash flows, the earnings multiple, the growth rates beyond the forecast and mid-range mid-range (3) Financial instruments The estimated fair values by fair value hierarchy level of certain financial instruments that are not reported at fair value are summarized as follows: Yen in millions March 31, 2016 Estimated fair value Carrying Level 1 Level 2 Level 3 Total Total Assets: Housing loans in the banking business — 1,369,157 — 1,369,157 1,235,311 Total assets — 1,369,157 — 1,369,157 1,235,311 Liabilities: Long-term debt including the current portion — 755,631 — 755,631 744,273 Investment contracts included in policyholders’ account in the life insurance business — 677,375 — 677,375 638,737 Total liabilities — 1,433,006 — 1,433,006 1,383,010 Yen in millions March 31, 2017 Estimated fair value Carrying Level 1 Level 2 Level 3 Total Total Assets: Housing loans in the banking business — 1,603,784 — 1,603,784 1,449,790 Total assets — 1,603,784 — 1,603,784 1,449,790 Liabilities: Long-term debt including the current portion — 745,599 — 745,599 734,886 Investment contracts included in policyholders’ account in the life insurance business — 710,191 — 710,191 686,182 Total liabilities — 1,455,790 — 1,455,790 1,421,068 The summary excludes cash and cash equivalents, call loans, time deposits, notes and accounts receivable, trade, call money, short-term borrowings, notes and accounts payable, trade and deposits from customers in the banking business because the carrying values of these financial instruments approximated their fair values due to their short-term nature. The summary also excludes held-to-maturity Cash and cash equivalents, call loans and call money are classified in level 1. Time deposits, short-term borrowings, deposits from customers in the banking business are classified in level 2. Held-to-maturity |
Derivative instruments and hedg
Derivative instruments and hedging activities | 12 Months Ended |
Mar. 31, 2017 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative instruments and hedging activities | 14. Der in struments and hedging activities Sony has certain financial instruments including financial assets and liabilities acquired in the normal course of business. Such financial instruments are exposed to market risk arising from the changes in foreign currency exchange rates and interest rates. In applying a consistent risk management strategy for the purpose of reducing such risk, Sony uses derivative financial instruments, which include foreign exchange forward contracts, foreign currency option contracts, and interest rate swap agreements (including interest rate and currency swap agreements). Certain other derivative financial instruments are entered into in the Financial Services segment for asset-liability management (“ALM”) purposes. These instruments are executed with creditworthy financial institutions, and virtually all foreign currency contracts are denominated in U.S. dollars, euros and other currencies of major countries. These derivatives generally mature or expire within six months after the balance sheet date. Other than derivatives utilized in the Financial Services segment for ALM, Sony does not use derivative financial instruments for trading or speculative purposes. These derivative transactions utilized for ALM in the Financial Services segment are executed within certain limits in accordance with an internal risk management policy. Derivative financial instruments held by Sony are classified and accounted for as described below. Fair value hedges Both the derivatives designated as fair value hedges and the hedged items are reflected at fair value in the consolidated balance sheets. Changes in the fair value of the derivatives designated as fair value hedges, as well as offsetting changes in the carrying value of the underlying hedged items, are recognized in income. For the fiscal years ended March 31, 2015, 2016 and 2017, these fair value hedges were fully effective. In addition, there were no amounts excluded from the assessment of hedge effectiveness of fair value hedges. Cash flow hedges Changes in the fair value of derivatives designated as cash flow hedges are initially recorded in other comprehensive income (“OCI”) and reclassified into earnings when the hedged transaction affects earnings. For the fiscal year ended March 31, 2016, the ineffective portions of the hedging relationships were not significant. For the fiscal year ended March 31, 2017, these cash flow hedges were fully effective. In addition, there were no amounts excluded from the assessment of hedge effectiveness for cash flow hedges. As of and for the fiscal year ended March 31, 2015, there were no cash flow hedge derivatives. Derivatives not designated as hedges Changes in the fair value of derivatives not designated as hedges are recognized in income. A description of the purpose and classification of the derivative financial instruments held by Sony is as follows: Foreign exchange forward contracts and foreign currency option contracts Foreign exchange forward contracts and purchased and written foreign currency option contracts are utilized primarily to limit the exposure affected by changes in foreign currency exchange rates on cash flows generated by anticipated intercompany transactions and intercompany accounts receivable and payable denominated in foreign currencies. The majority of written foreign currency option contracts are a part of range forward contract arrangements and expire in the same month with the corresponding purchased foreign currency option contracts. Sony also entered into foreign exchange forward contracts during the fiscal years ended March 31, 2016 and 2017 which effectively fixed the cash flows from foreign currency denominated payables. Accordingly, these derivatives have been designated as cash flow hedges. Foreign exchange forward contracts and foreign currency option contracts that do not qualify as hedges are marked-to-market Foreign exchange forward contracts, foreign currency option contracts and currency swap agreements held by certain subsidiaries in the Financial Services segment are marked-to-market Interest rate swap agreements (including interest rate and currency swap agreements) Interest rate swap agreements are utilized primarily to lower funding costs, to diversify sources of funding and to limit Sony’s exposure associated with underlying debt instruments and available-for-sale available-for-sale available-for-sale Certain subsidiaries in the Financial Services segment have interest rate swap agreements as part of their ALM, which are marked-to-market Any other interest rate swap agreements that do not qualify as hedges, which are used for reducing the risk arising from changes of variable rate debt, are marked-to-market Other agreements Certain subsidiaries in the Financial Services segment have equity future contracts, other currency contracts and hybrid financial instruments as part of their ALM, which are marked-to-market The estimated fair values of Sony’s outstanding derivative instruments are summarized as follows: Derivatives designated as Yen in millions Balance sheet location Fair value Balance sheet location Fair value March 31 March 31 Asset derivatives 2016 2017 Liability derivatives 2016 2017 Interest rate contracts Prepaid expenses and other current assets 16 43 Current liabilities: Other 665 497 Interest rate contracts Other assets: Other 33 95 Liabilities: Other 22,605 13,713 Foreign exchange contracts Prepaid expenses and other current assets 1 — Current liabilities: Other — 31 50 138 23,270 14,241 Derivatives not designated as Yen in millions Balance sheet location Fair value Balance sheet location Fair value March 31 March 31 Asset derivatives 2016 2017 Liability derivatives 2016 2017 Interest rate contracts Prepaid expenses and other current assets — 3 Current liabilities: Other 38 221 Interest rate contracts Other assets: Other 538 1,599 Liabilities: Other 5,850 4,374 Foreign exchange contracts Prepaid expenses and other current assets 16,803 24,382 Current liabilities: Other 19,309 14,475 Foreign exchange contracts Other assets: Other — 157 Liabilities: Other — 620 Equity contracts Prepaid expenses and other current assets 437 981 Current liabilities: Other 668 519 17,778 27,122 25,865 20,209 Total derivatives 17,828 27,260 49,135 34,450 Presented below are the effects of derivative instruments on the consolidated statements of income for the fiscal years ended March 31, 2015, 2016 and 2017. Derivatives under fair value Yen in millions Location of gain or (loss) recognized in Amount of gain or (loss) recognized Fiscal year ended March 31 2015 2016 2017 Interest rate contracts Financial services revenue (8,271 ) (8,300 ) 1,967 Foreign exchange contracts Foreign exchange loss, net (9 ) 3 (31 ) Total (8,280 ) (8,297 ) 1,936 Yen in millions Derivatives under cash flow Location of gain or (loss) recognized in Fiscal year ended March 31 2015 2016 2017 Amount of gain or (loss) Foreign exchange contracts — — 1,914 6,715 Total — 1,914 6,715 Amount of gain or (loss) reclassified Foreign exchange contracts Foreign exchange loss, net — (8 ) — Foreign exchange contracts Cost of sales — (3,104 ) (5,583 ) Total — (3,112 ) (5,583 ) Derivatives not designated as Yen in millions Location of gain or (loss) recognized Amount of gain or (loss) recognized Fiscal year ended March 31 2015 2016 2017 Interest rate contracts Financial services revenue (3,579 ) (5,499 ) (935 ) Interest rate contracts Foreign exchange loss, net 883 — — Foreign exchange contracts Financial services revenue (1,942 ) 4,166 (5,365 ) Foreign exchange contracts Foreign exchange loss, net 13,375 (14,501 ) 12,339 Equity contracts Financial services revenue (2,725 ) 3,267 (18,597 ) Total 6,012 (12,567 ) (12,558 ) The following table summarizes additional information, including notional amounts, for each type of derivative: Yen in millions March 31, 2016 March 31, 2017 Notional Fair Notional Fair Foreign exchange contracts: Foreign exchange forward contracts 1,030,020 (5,118 ) 1,062,933 3,011 Currency option contracts purchased 211 2 212 1 Currency option contracts written 210 (2 ) 214 (1 ) Currency swap agreements 729,632 (99 ) 1,439,395 4,074 Other currency contracts 75,157 2,712 64,944 2,328 Interest rate contracts: Interest rate swap agreements 436,739 (28,571 ) 415,719 (17,065 ) Equity contracts: Equity future contracts 72,794 (231 ) 96,016 462 All derivatives are recognized as either assets or liabilities in the consolidated balance sheets on a gross basis, but certain subsidiaries have entered into master netting agreements or other similar agreements, which are mainly International Swaps and Derivatives Association (ISDA) Master Agreements. An ISDA Master Agreement is an agreement between two counterparties that may have multiple derivative contracts with each other, and such ISDA Master Agreement may provide for the net settlement of all or a specified group of these derivative contracts, through a single payment, in a single currency, in the event of a default on or affecting any one derivative contract, or a termination event affecting all or a specified group of derivative contracts. Presented below are the effects of offsetting derivative assets, derivative liabilities, financial assets and financial liabilities as of March 31, 2016 and 2017. Yen in millions As of March 31, 2016 Gross amounts Gross amounts not offset in the Financial Cash collateral Net amounts Derivative assets subject to master netting agreements 10,251 6,990 312 2,949 Derivative assets not subject to master netting agreements 7,577 7,577 Total assets 17,828 6,990 312 10,526 Derivative liabilities subject to master netting agreements 46,328 28,527 8,269 9,532 Derivative liabilities not subject to master netting agreements 2,807 2,807 Repurchase, securities lending and similar arrangements 62,805 61,864 — 941 Total liabilities 111,940 90,391 8,269 13,280 Yen in millions As of March 31, 2017 Gross amounts Gross amounts not offset in the Financial Cash collateral Net amounts Derivative assets subject to master netting agreements 11,554 6,584 277 4,693 Derivative assets not subject to master netting agreements 15,706 15,706 Total assets 27,260 6,584 277 20,399 Derivative liabilities subject to master netting agreements 33,261 6,644 18,631 7,986 Derivative liabilities not subject to master netting agreements 1,189 1,189 Repurchase, securities lending and similar arrangements 310,609 309,987 — 622 Total liabilities 345,059 316,631 18,631 9,797 |
Pension and severance plans
Pension and severance plans | 12 Months Ended |
Mar. 31, 2017 | |
Compensation and Retirement Disclosure [Abstract] | |
Pension and severance plans | 15. (1) Defined benefit and severance plans Upon terminating employment, employees of Sony Corporation and its subsidiaries in Japan are entitled, under most circumstances, to lump-sum Under the plans, in general, the defined benefits cover 65% of the indemnities under existing regulations to employees. The remaining indemnities are covered by severance payments by the companies. The pension benefits are payable at the option of the retiring employee either in a lump-sum From April 1, 2012, Sony Corporation and substantially all of its subsidiaries in Japan have modified existing defined benefit pension plans such that life annuities will no longer accrue additional service benefits, with those participants instead accruing fixed-term annuities. The defined benefit pension plans were closed to new participants and a defined contribution plan was also introduced. In addition, several of Sony’s foreign subsidiaries have defined benefit pension plans or severance indemnity plans, which cover substantially all of their employees. Under such plans, the related cost of benefits is currently funded or accrued. Benefits awarded under these plans are based primarily on the current rate of pay and length of service. The components of net periodic benefit costs for the fiscal years ended March 31, 2015, 2016 and 2017 were as follows: Japanese plans: Yen in millions Fiscal year ended March 31 2015 2016 2017 Service cost 24,350 24,670 26,811 Interest cost 11,583 8,689 5,912 Expected return on plan assets (19,252 ) (20,853 ) (17,829 ) Recognized actuarial loss 9,867 8,588 20,436 Amortization of prior service costs (9,614 ) (9,489 ) (9,490 ) Net periodic benefit costs 16,934 11,605 25,840 Foreign plans: Yen in millions Fiscal year ended March 31 2015 2016 2017 Service cost 3,188 3,504 2,958 Interest cost 13,040 12,096 10,426 Expected return on plan assets (12,993 ) (14,117 ) (11,000 ) Amortization of net transition asset 10 10 9 Recognized actuarial loss 2,991 4,236 2,552 Amortization of prior service costs (639 ) (478 ) (463 ) Losses on curtailments and settlements 31 354 43 Net periodic benefit costs 5,628 5,605 4,525 The estimated net actuarial loss, prior service cost and obligation (asset) existing at transition for the defined benefit pension plans that will be amortized from accumulated other comprehensive income into net periodic benefit costs over the next fiscal year are 18,702 million yen, 9,179 million yen and 4 million yen, respectively. The changes in the benefit obligation and plan assets as well as the funded status and composition of amounts recognized in the consolidated balance sheets were as follows: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2016 2017 2016 2017 Change in benefit obligation: Benefit obligation at beginning of the fiscal year 890,415 1,034,284 394,704 356,875 Service cost 24,670 26,811 3,504 2,958 Interest cost 8,689 5,912 12,096 10,426 Plan participants’ contributions — — 676 490 Actuarial (gain) loss * 144,416 (33,333 ) (21,868 ) 20,045 Foreign currency exchange rate changes — — (16,893 ) (23,183 ) Curtailments and settlements — — (1,246 ) (1,507 ) Other (14 ) (5 ) — — Benefits paid (33,892 ) (28,993 ) (14,098 ) (13,662 ) Benefit obligation at end of the fiscal year 1,034,284 1,004,676 356,875 352,442 Change in plan assets: Fair value of plan assets at beginning of the fiscal year 710,602 679,432 280,216 256,341 Actual return on plan assets (9,030 ) 35,508 (6,035 ) 29,346 Foreign currency exchange rate changes — — (13,095 ) (20,004 ) Employer contribution 1,951 6,640 7,905 6,738 Plan participants’ contributions — — 676 490 Curtailments and settlements — — (504 ) (1,161 ) Benefits paid (24,091 ) (22,572 ) (12,822 ) (12,573 ) Fair value of plan assets at end of the fiscal year 679,432 699,008 256,341 259,177 Funded status at end of the fiscal year (354,852 ) (305,668 ) (100,534 ) (93,265 ) * Actuarial loss in Japanese plans for the fiscal year ended March 31, 2016 principally relates to changes in the assumptions for discount and mortality rates. Amounts recognized in the consolidated balance sheets consist of: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2016 2017 2016 2017 Noncurrent assets 2,217 2,753 7,102 6,251 Current liabilities — — (2,892 ) (3,114 ) Noncurrent liabilities (357,069 ) (308,421 ) (104,744 ) (96,402 ) Ending balance (354,852 ) (305,668 ) (100,534 ) (93,265 ) Amounts recognized in accumulated other comprehensive income, excluding tax effects, consist of: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2016 2017 2016 2017 Prior service cost (credit) (34,905 ) (25,415 ) (1,443 ) (1,034 ) Net actuarial loss 389,302 317,397 82,850 78,548 Obligation existing at transition — — 7 (3 ) Ending balance 354,397 291,982 81,414 77,511 The accumulated benefit obligations for all defined benefit pension plans were as follows: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2016 2017 2016 2017 Accumulated benefit obligations 1,028,690 998,501 331,975 329,989 The projected benefit obligations, the accumulated benefit obligations and fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets were as follows: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2016 2017 2016 2017 Projected benefit obligations 1,022,373 992,052 292,171 291,413 Accumulated benefit obligations 1,018,228 987,428 286,705 287,491 Fair value of plan assets 666,753 685,183 202,913 207,406 Weighted-average assumptions used to determine benefit obligations as of March 31, 2016 and 2017 were as follows: Japanese plans Foreign plans March 31 March 31 2016 2017 2016 2017 Discount rate 0.6 % 0.9 % 3.2 % 3.1 % Rate of compensation increase * * 2.8 2.4 * Substantially all of Sony’s Japanese pension plans were point-based. Point-based plans do not incorporate a measure of compensation rate increases. Weighted-average assumptions used to determine the net periodic benefit costs for the fiscal years ended March 31, 2015, 2016 and 2017 were as follows: Japanese plans Foreign plans Fiscal year ended March 31 Fiscal year ended March 31 2015 2016 2017 2015 2016 2017 Discount rate 1.4 % 1.0 % 0.6 % 4.1 % 3.1 % 3.2 % Expected return on plan assets 3.0 3.0 2.7 5.6 4.8 4.8 Rate of compensation increase * * * 3.1 2.9 2.8 * Substantially all of Sony’s Japanese pension plans were point-based. Point-based plans do not incorporate a measure of compensation rate increases. Sony reviews these assumptions for changes in circumstances. The weighted-average rate of compensation increase is calculated based only on the pay-related The mortality rate assumptions are based on life expectancy and death rates for different types of participants. In the fiscal year ended March 31, 2016, Sony updated mortality rate assumptions to consider the latest mortality tables and in certain instances to utilize mortality tables based on gender. To determine the expected long-term rate of return on pension plan assets, Sony considers the current and expected asset allocations, as well as the historical and expected long-term rates of returns on various categories of plan assets. Sony’s pension investment policy recognizes the expected growth and the variability risk associated with the long-term nature of pension liabilities, the returns and risks of diversification across asset classes, and the correlation among assets. The asset allocations are designed to maximize returns consistent with levels of liquidity and investment risk that are considered prudent and reasonable. While the pension investment policy gives appropriate consideration to recent market performance and historical returns, the investment assumptions utilized by Sony are designed to achieve a long-term return consistent with the long-term nature of the corresponding pension liabilities. The investment objectives of Sony’s plan assets are designed to generate returns that will enable the plans to meet their future obligations. The precise amount for which these obligations will be settled depends on future events, including the retirement dates and life expectancy of the plans’ participants. The obligations are estimated using actuarial assumptions, based on the current economic environment and other pertinent factors. Sony’s investment strategy balances the requirement to generate returns, using potentially higher yielding assets such as equity securities, with the need to control risk in the portfolio with less volatile assets, such as fixed-income securities. Risks include, among others, inflation, volatility in equity values and changes in interest rates that could negatively impact the funding level of the plans, thereby increasing its dependence on contributions from Sony. To mitigate any potential concentration risk, thorough consideration is given to balancing the portfolio among industry sectors and geographies, taking into account interest rate sensitivity, dependence on economic growth, currency and other factors that affect investment returns. The target allocations as of March 31, 2017, are, as a result of Sony’s asset liability management, 31% of equity securities, 52% of fixed income securities and 17% of other investments for the pension plans of Sony Corporation and most of its subsidiaries in Japan, and, on a weighted average basis, 29% of equity securities, 45% of fixed income securities and 26% of other investments for the pension plans of foreign subsidiaries. The fair values of the assets held by Japanese and foreign plans, which are classified in accordance with the fair value hierarchy described in Note 2, are as follows: Japanese plans Yen in millions Fair value at March 31, 2016 Fair value measurements using inputs considered as Asset class Level 1 Level 2 Level 3 Cash and cash equivalents 17,985 17,985 — — Equity: Equity securities *1 148,658 144,597 4,061 — Fixed income: Government bonds *2 218,851 — 218,851 — Corporate bonds *3 56,779 — 56,779 — Asset-backed securities *4 1,148 — 1,148 — Commingled funds *5 115,902 — 115,902 — Commodity funds *6 20,547 — 20,547 — Private equity *7 31,852 — — 31,852 Hedge funds *8 60,395 — — 60,395 Real estate *9 7,315 — — 7,315 Total 679,432 162,582 417,288 99,562 Japanese plans Yen in millions Fair value at March 31, 2017 Fair value measurements using inputs considered as Asset class Level 1 Level 2 Level 3 Cash and cash equivalents 7,976 7,976 — — Equity: Equity securities *1 157,012 152,852 4,160 — Fixed income: Government bonds *2 206,632 — 206,632 — Corporate bonds *3 75,971 — 75,971 — Asset-backed securities *4 1,105 — 1,105 — Commingled funds *5 122,264 — 122,264 — Commodity funds *6 21,098 — 21,098 — Private equity *7 21,790 — — 21,790 Hedge funds *8 67,235 — — 67,235 Real estate and other *9 17,925 — — 17,925 Total 699,008 160,828 431,230 106,950 *1 Includes approximately 48 percent of Japanese equity securities, and 52 percent of foreign equity securities for both the fiscal years ended March 31, 2016 and 2017. *2 Includes approximately 51 percent and 46 percent of debt securities issued by Japanese national and local governments, and 49 percent and 54 percent of debt securities issued by foreign national and local governments for the fiscal years ended March 31, 2016 and 2017, respectively. *3 Includes debt securities issued by Japanese and foreign corporation and government related agencies. *4 Includes primarily mortgage-backed securities. *5 Commingled funds represent pooled institutional investments, including primarily investment trusts. They include approximately 44 percent and 48 percent of investments in equity, 54 percent and 51 percent of investments in fixed income, and 1 percent and 1 percent of investments in other for the fiscal years ended March 31, 2016 and 2017, respectively. *6 Represents commodity futures funds. *7 Includes multiple private equity funds of funds that primarily invest in venture, buyout, and distressed markets in the U.S. and Europe. *8 Includes primarily funds that invest in a portfolio of a broad range of hedge funds to diversify the risks and reduce the volatilities associated with a single hedge fund. *9 Includes primarily private real estate investment trusts. Foreign plans Yen in millions Fair value at March 31, 2016 Fair value measurements using inputs considered as Asset class Level 1 Level 2 Level 3 Cash and cash equivalents 4,078 4,078 — — Equity: Equity securities *1 37,769 35,818 1,951 — Fixed income: Government bonds *2 60,835 — 60,835 — Corporate bonds *3 30,425 — 23,425 7,000 Asset-backed securities 321 — 321 — Insurance contracts *4 4,293 — 4,293 — Commingled funds *5 77,456 — 77,456 — Real estate and other *6 41,164 — 17,040 24,124 Total 256,341 39,896 185,321 31,124 Foreign plans Yen in millions Fair value at March 31, 2017 Fair value measurements using inputs considered as Asset class Level 1 Level 2 Level 3 Cash and cash equivalents 8,091 8,091 — — Equity: Equity securities *1 33,103 31,783 1,320 — Fixed income: Government bonds *2 65,671 — 65,671 — Corporate bonds *3 28,296 — 21,370 6,926 Asset-backed securities 982 — 982 — Insurance contracts *4 5,135 — 5,135 — Commingled funds *5 81,683 — 81,683 — Real estate and other *6 36,216 — 13,287 22,929 Total 259,177 39,874 189,448 29,855 *1 Includes primarily foreign equity securities. *2 Includes primarily foreign government debt securities. *3 Includes primarily foreign corporate debt securities. *4 Represents annuity contracts with or without profit sharing. *5 Commingled funds represent pooled institutional investments including mutual funds, common trust funds, and collective investment funds. They are primarily comprised of foreign equities and fixed income investments. *6 Includes primarily private real estate investment trusts. Each level in the fair value hierarchy in which each plan asset is classified is determined based on inputs used to measure the fair values of the asset, and does not necessarily indicate the risks or rating of the asset. The following is a description of the valuation techniques used to measure Japanese and foreign plan assets at fair value. The valuation techniques are applied consistently from period to period. Equity securities are valued at the closing price reported in the active market in which the individual securities are traded. These assets are generally classified as level 1. The fair value of fixed income securities is typically estimated using pricing models, quoted prices of securities with similar characteristics or discounted cash flows and are generally classified as level 2. Commingled funds are typically valued using the net asset value provided by the administrator of the fund and reviewed by Sony. The net asset value is based on the value of the underlying assets owned by the fund, minus liabilities and divided by the number of shares or units outstanding. These assets are classified as level 1, level 2 or level 3 depending on availability of quoted market prices. Commodity funds are valued using inputs that are derived principally from or corroborated by observable market data. These assets are generally classified as level 2. Private equity and private real estate investment trust valuations require significant judgment due to the absence of quoted market prices, the inherent lack of liquidity and the long-term nature of such assets. These assets are initially valued at cost and are reviewed periodically utilizing available and relevant market data to determine if the carrying value of these assets should be adjusted. These investments are classified as level 3. Hedge funds are valued using the net asset value as determined by the administrator or custodian of the fund. These investments are classified as level 3. The following table sets forth a summary of changes in the fair values of Japanese and foreign plans’ level 3 assets for the fiscal years ended March 31, 2016 and 2017: Japanese plans Yen in millions Fair value measurement using significant unobservable inputs Private equity Hedge funds Real estate and other Total Beginning balance at April 1, 2015 32,584 80,037 5,961 118,582 Return on assets held at end of year 157 (3,593 ) 315 (3,121 ) Purchases, sales, and settlements, net (889 ) (16,049 ) 1,039 (15,899 ) Ending balance at March 31, 2016 31,852 60,395 7,315 99,562 Return on assets held at end of year 425 2,817 599 3,841 Purchases, sales, and settlements, net (10,487 ) 4,023 10,011 3,547 Ending balance at March 31, 2017 21,790 67,235 17,925 106,950 Foreign plans Yen in millions Fair value measurement using significant Corporate bonds Real estate and other Total Beginning balance at April 1, 2015 7,384 15,522 22,906 Return on assets held at end of year 76 (104 ) (28 ) Return on assets sold during the year — 19 19 Purchases, sales, and settlements, net — 3,933 3,933 Transfers, net — 2,692 2,692 Other* (460 ) 2,062 1,602 Ending balance at March 31, 2016 7,000 24,124 31,124 Return on assets held at end of year — 84 84 Purchases, sales, and settlements, net (44 ) (367 ) (411 ) Transfers, net — (8 ) (8 ) Other* (30 ) (904 ) (934 ) Ending balance at March 31, 2017 6,926 22,929 29,855 * Primarily consists of translation adjustments. Sony makes contributions to its defined benefit pension plans as deemed appropriate by management after considering the fair value of plan assets, expected return on plan assets and the present value of benefit obligations. Sony expects to contribute approximately 12 billion yen to the Japanese plans and approximately 5 billion yen to the foreign plans during the fiscal year ending March 31, 2018. The expected future benefit payments are as follows: Japanese plans Foreign plans Fiscal year ending March 31 Yen in millions Yen in millions 2018 36,638 13,346 2019 38,561 13,205 2020 40,772 13,980 2021 41,646 15,138 2022 43,001 15,713 2023 — 2027 232,773 90,199 (2) Defined contribution plans Total defined contribution expenses for the fiscal years ended March 31, 2015, 2016 and 2017 were as follows: Yen in millions Fiscal year ended March 31 2015 2016 2017 Japanese plans 3,199 3,155 3,412 Foreign plans 13,857 12,419 10,458 |
Stockholders' equity
Stockholders' equity | 12 Months Ended |
Mar. 31, 2017 | |
Equity [Abstract] | |
Stockholders' equity | 16. Stockholders’ equity (1) Common stock Changes in the number of shares of common stock issued and outstanding during the fiscal years ended March 31, 2015, 2016 and 2017 have resulted from the following: Number of shares Balance at March 31, 2014 1,044,707,767 Exercise of stock acquisition rights 948,500 Conversion of zero coupon convertible bonds 124,116,993 Balance at March 31, 2015 1,169,773,260 Issuance of new shares 92,000,000 Exercise of stock acquisition rights 720,500 Balance at March 31, 2016 1,262,493,760 Exercise of stock acquisition rights 1,269,900 Balance at March 31, 2017 1,263,763,660 At March 31, 2017, 39,481,061 shares of common stock would be issued upon the conversion or exercise of all convertible bonds and stock acquisition rights outstanding. Conversions of convertible bonds into common stock are accounted for in accordance with the provisions of the Companies Act of Japan ( Kaishaho one-half paid-in Sony Corporation may purchase its own shares at any time by a resolution of the Board of Directors up to the retained earnings available for dividends to shareholders, in accordance with the Companies Act. No common stock had been acquired by the resolution of the Board of Directors during the fiscal years ended March 31, 2015, 2016 and 2017. (2) Retained earnings The amount of statutory retained earnings of Sony Corporation available for dividends to shareholders as of March 31, 2017 was 570,245 million yen. The appropriation of retained earnings for the fiscal year ended March 31, 2017, including cash dividends for the six-month Retained earnings include Sony’s equity in undistributed earnings of affiliated companies accounted for by the equity method in the amount of 29,061 million yen and 33,694 million yen at March 31, 2016 and 2017, respectively. (3) Other comprehensive income Changes in accumulated other comprehensive income, net of tax, by component for the fiscal years ended March 31, 2015, 2016 and 2017 were as follows: Yen in millions Unrealized Pension Foreign Total Balance at March 31, 2014 127,509 (180,039 ) (399,055 ) (451,585 ) Other comprehensive income before reclassifications 53,069 (22,552 ) 67,334 97,851 Amounts reclassified out of accumulated other *1 (14,351 ) 1,365 (1,544 ) (14,530 ) Net current-period other comprehensive income 38,718 (21,187 ) 65,790 83,321 Less: Other comprehensive income attributable to noncontrolling interests 12,074 (95 ) 5,040 17,019 Balance at March 31, 2015 154,153 (201,131 ) (338,305 ) (385,283 ) Yen in millions Unrealized Unrealized Pension Foreign Total Balance at March 31, 2015 154,153 — (201,131 ) (338,305 ) (385,283 ) Other comprehensive income before reclassifications 45,527 1,914 (174,380 ) (83,899 ) (210,838 ) Amounts reclassified out of accumulated other comprehensive income (43,307 ) (3,112 ) 2,627 — (43,792 ) Net current-period other comprehensive income 2,220 (1,198 ) (171,753 ) (83,899 ) (254,630 ) Less: Other comprehensive income attributable to noncontrolling interests 15,637 — (1,145 ) (1,087 ) 13,405 Balance at March 31, 2016 140,736 (1,198 ) (371,739 ) (421,117 ) (653,318 ) Yen in millions Unrealized Unrealized Pension Foreign Total Balance at March 31, 2016 140,736 (1,198 ) (371,739 ) (421,117 ) (653,318 ) Other comprehensive income before reclassifications (27,007 ) 5,028 54,513 (17,988 ) 14,546 Amounts reclassified out of accumulated other comprehensive income (3,286 ) (3,888 ) 8,719 — 1,545 Net current-period other comprehensive income (30,293 ) 1,140 63,232 (17,988 ) 16,091 Less: Other comprehensive income attributable to noncontrolling interests (16,192 ) — 229 (2,495 ) (18,458 ) Balance at March 31, 2017 126,635 (58 ) (308,736 ) (436,610 ) (618,769 ) *1 Foreign currency translation adjustments were transferred from accumulated other comprehensive income to net income as a result of a complete or substantially complete liquidation or sale of certain foreign subsidiaries and affiliates. Reclassifications out of accumulated other comprehensive income for the fiscal years ended March 31, 2015, 2016 and 2017 were as follows: Yen in millions Comprehensive income components Amounts reclassified from Affected line items in consolidated statements of 2015 2016 2017 Unrealized gains (losses) on securities (10,515 ) (19,598 ) (4,560 ) Financial services revenue (7,942 ) (47,087 ) (30 ) Gain on sale of securities investments, net — 3,063 — Loss on devaluation of securities investments Total before tax (18,457 ) (63,622 ) (4,590 ) Tax expense or (benefit) 4,106 20,315 1,304 Net of tax (14,351 ) (43,307 ) (3,286 ) Unrealized gains (losses) on derivative instruments — (8 ) — Foreign exchange loss, net — (3,104 ) (5,583 ) Cost of sales Total before tax — (3,112 ) (5,583 ) Tax expense or (benefit) — — 1,695 Net of tax — (3,112 ) (3,888 ) Pension liability adjustment 2,615 2,867 13,044 * Tax expense or (benefit) (1,250 ) (240 ) (4,325 ) Net of tax 1,365 2,627 8,719 Foreign currency translation adjustments (1,544 ) — — Foreign exchange loss, net Tax expense or (benefit) — — — Net of tax (1,544 ) — — Total amounts reclassified out of accumulated other comprehensive income, net of tax (14,530 ) (43,792 ) 1,545 * The amortization of pension and postretirement benefit components are included in the computation of net periodic pension cost. Refer to Note 15. (4) Equity transactions with noncontrolling interests Net income (loss) attributable to Sony Corporation’s stockholders and transfers (to) from the noncontrolling interests for the fiscal years ended March 31, 2015, 2016 and 2017 were as follows: Yen in millions Fiscal year ended March 31 2015 2016 2017 Net income (loss) attributable to Sony Corporation’s stockholders (125,980 ) 147,791 73,289 Transfers (to) from the noncontrolling interests: Decrease in additional paid-in (2,483 ) (12,776 ) (53,927 ) Change from net income (loss) attributable to Sony Corporation’s stockholders and transfers (to) from the noncontrolling interests (128,463 ) 135,015 19,362 During the fiscal year ended March 31, 2017, Sony obtained full ownership of its U.S.-based music publishing subsidiary by acquiring the 50% interest in the subsidiary held by the Estate of Michael Jackson (the “Estate”). The aggregate cash consideration paid to the Estate was 750 million U.S. dollars, including 17 million U.S. dollars of distributions to which the subsidiary previously committed. The difference between cash consideration paid and the decrease in the carrying amount of the noncontrolling interests was recognized as a decrease to additional paid-in |
Stock-based compensation plans
Stock-based compensation plans | 12 Months Ended |
Mar. 31, 2017 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Stock-based compensation plans | 17. Stoc The stock-based compensation expense for the fiscal years ended March 31, 2015, 2016 and 2017 was 1,286 million yen, 1,944 million yen and 2,737 million yen, respectively. The total cash received from exercises under all of the stock-based compensation plans during the fiscal years ended March 31, 2015, 2016 and 2017 was 1,637 million yen, 1,578 million yen and 2,730 million yen, respectively. Sony issued new shares upon exercise of these rights. Sony has a stock-based compensation incentive plan for selected directors, corporate executive officers and employees in the form of a stock acquisition rights plan. The stock acquisition rights generally have three year graded vesting schedules and are exercisable up to ten years from the date of grant. The weighted-average fair value per share at the date of grant of stock acquisition rights granted during the fiscal years ended March 31, 2015, 2016 and 2017 was 1,139 yen, 1,331 yen and 1,291 yen, respectively. The fair value of stock acquisition rights granted on the date of grant and used to recognize compensation expense for the fiscal years ended March 31, 2015, 2016 and 2017 was estimated using the Black-Scholes option-pricing model with the following weighted-average assumptions: Fiscal year ended March 31 2015 2016 2017 Weighted-average assumptions Risk-free interest rate 1.26% 1.07% 1.10% Expected lives 7.35 y ears 7.12 y ears 6.83 y ears Expected volatility * 51.69% 42.07% 40.00% Expected dividends 1.24% 0.75% 0.66% * Expected volatility was based on the historical volatilities of Sony Corporation’s common stock over the expected life of the stock acquisition rights. A summary of the activities regarding the stock acquisition rights plan during the fiscal year ended March 31, 2017 is as follows: Fiscal year ended March 31, 2017 Number of Weighted- Weighted- Total intrinsic value Yen Years Yen in millions Outstanding at beginning of the fiscal year 15,778,200 3,188 Granted 3,250,400 3,366 Exercised 1,269,900 2,150 Forfeited or expired 2,239,300 4,209 Outstanding at end of the fiscal year 15,519,400 3,147 5.85 12,335 Exercisable at end of the fiscal year 9,914,700 3,072 4.01 9,573 The total intrinsic value of shares exercised under the stock acquisition rights plan during the fiscal years ended March 31, 2015, 2016 and 2017 was 1,463 million yen, 1,338 million yen and 1,541 million yen, respectively. As of March 31, 2017, there was 4,057 million yen of total unrecognized compensation expense related to nonvested stock acquisition rights. This expense is expected to be recognized over a weighted-average period of 2.12 years. |
Kumamoto Earthquake
Kumamoto Earthquake | 12 Months Ended |
Mar. 31, 2017 | |
Unusual or Infrequent Items, or Both [Abstract] | |
Kumamoto Earthquake | 18. Kumamoto Earthquake In April 2016, a series of earthquakes occurred in the Kumamoto region of Japan. These earthquakes caused damage to certain fixed assets, including buildings, machinery and equipment, as well as inventories in manufacturing sites located in the Kumamoto region. For the fiscal year ended March 31, 2017, Sony incurred incremental losses and associated expenses including repair costs of fixed assets and a loss on disposal of inventories directly related to the damage caused by the earthquakes of 16,682 million yen. These losses and expenses were primarily recorded in cost of sales in the consolidated statements of income and were offset by insurance recoveries of 10,682 million yen, as described below. In addition, Sony incurred other expenses of 9,365 million yen, which included idle facility costs at manufacturing sites. These expenses were primarily recorded in cost of sales in the consolidated statements of income. Sony has insurance policies that cover certain damage directly caused by the earthquakes for Sony Corporation and certain of its subsidiaries, including damage at manufacturing sites. The insurance policies cover the damage and costs associated with fixed assets and inventories, as well as incremental expenses including removal and cleaning costs. These policies also provide business interruption coverage, including coverage for lost profits. For the fiscal year ended March 31, 2017, Sony recorded insurance receivables of 10,682 million yen, representing a portion of the insurance recoveries that were deemed probable of collection up to the extent of the amount of corresponding losses recognized in the same period. Of the insurance receivables recorded during the period, substantially all relate to damaged assets and inventories, and do not include amounts for business interruption or lost profits. Sony concluded that the recoveries from insurance claims are probable based on the coverage under valid policies, communications with the insurance carriers, Sony’s past claims history with the insurance carriers, and Sony’s assessment that the insurance carriers have the financial ability to pay the claims. In March 2017, 10,000 million yen was agreed to by the insurance carriers. These receivables are recorded within other receivables, whereas the remaining receivables of 682 million yen is recorded in other current assets in the consolidated balance sheets as of the fiscal year ended March 31, 2017. Sony has underwritten 2,000 million yen in reinsurance policies for the above insurance carriers related to the policy described above, which will be payable to the insurance carriers. The amount was recorded in other current liabilities in the consolidated balance sheets as of the fiscal year ended March 31, 2017. In April 2017, the remaining insurance claims of 10,000 million yen that were mainly for business interruption coverage were agreed to by the carriers. As a result, the total amount of insurance recoveries paid to Sony in April 2017 was 20,000 million yen. |
Restructuring charges
Restructuring charges | 12 Months Ended |
Mar. 31, 2017 | |
Restructuring and Related Activities [Abstract] | |
Restructuring charges | 19. Rest As part of its effort to improve the performance of the various businesses, Sony has undertaken a number of restructuring initiatives. Sony defines restructuring initiatives as activities initiated by Sony, which are designed to generate a positive impact on future profitability. These activities include exiting a business or product category, implementing a headcount reduction program, realignment of its manufacturing sites to low-cost The changes in the accrued restructuring charges for the fiscal years ended March 31, 2015, 2016 and 2017 are as follows: Yen in millions Employee Non-cash write-downs and * Other Total Balance at March 31, 2014 31,844 — 13,916 45,760 Restructuring costs 53,261 17,169 20,259 90,689 Non-cash — (17,169 ) — (17,169 ) Cash payments (48,787 ) — (19,937 ) (68,724 ) Adjustments 403 — (42 ) 361 Balance at March 31, 2015 36,721 — 14,196 50,917 Restructuring costs 27,401 1,828 7,298 36,527 Non-cash — (1,828 ) — (1,828 ) Cash payments (40,261 ) — (11,232 ) (51,493 ) Adjustments (1,330 ) — 1,473 143 Balance at March 31, 2016 22,531 — 11,735 34,266 Restructuring costs 9,854 42,717 7,142 59,713 Non-cash — (42,717 ) — (42,717 ) Cash payments (19,759 ) — (8,871 ) (28,630 ) Adjustments (992 ) — (839 ) (1,831 ) Balance at March 31, 2017 11,634 — 9,167 20,801 * Significant asset impairments excluded from restructuring charges are described in Note 13. Total costs incurred in connection with these restructuring programs by segment for the fiscal years ended March 31, 2015, 2016 and 2017 are as follows: Yen in millions Fiscal year ended March 31, 2015 Employee Other * Total net Depreciation Total Mobile Communications 3,800 1,906 5,706 85 5,791 Game & Network Services 520 6,752 7,272 — 7,272 Imaging Products & Solutions 6,586 39 6,625 714 7,339 Home Entertainment & Sound 1,959 1 1,960 — 1,960 Semiconductors 2,930 2,855 5,785 426 6,211 Components 305 906 1,211 — 1,211 Pictures 1,918 — 1,918 — 1,918 Music 1,530 585 2,115 — 2,115 Financial Services — — — — — All Other and Corporate 33,713 24,384 58,097 6,122 64,219 Total 53,261 37,428 90,689 7,347 98,036 Yen in millions Fiscal year ended March 31, 2016 Employee Other associated * Total net Depreciation Total Mobile Communications 17,259 3,669 20,928 710 21,638 Game & Network Services 15 120 135 — 135 Imaging Products & Solutions 78 126 204 — 204 Home Entertainment & Sound 1,181 26 1,207 — 1,207 Semiconductors (11 ) (102 ) (113 ) — (113 ) Components 1 21 22 — 22 Pictures 1,594 7 1,601 5 1,606 Music 1,501 367 1,868 — 1,868 Financial Services — — — — — All Other and Corporate 5,783 4,892 10,675 1,017 11,692 Total 27,401 9,126 36,527 1,732 38,259 Yen in millions Fiscal year ended March 31, 2017 Employee Other associated * Total net Depreciation Total Mobile Communications 516 172 688 138 826 Game & Network Services 225 6 231 — 231 Imaging Products & Solutions 563 77 640 — 640 Home Entertainment & Sound 68 684 752 — 752 Semiconductors 4 (13 ) (9 ) — (9 ) Components 922 42,517 43,439 — 43,439 Pictures 2,467 — 2,467 — 2,467 Music 2,116 1,474 3,590 — 3,590 Financial Services — — — — — All Other and Corporate 2,973 4,942 7,915 364 8,279 Total 9,854 49,859 59,713 502 60,215 * Other associated costs includes non-cash Depreciation associated with restructured assets as used in the context of the disclosures regarding restructuring activities refers to the increase in depreciation expense caused by revising the useful life and the salvage value of depreciable fixed assets under an approved restructuring plan. Any impairment of the assets is recognized immediately in the period it is identified. Retirement programs Sony has undergone several headcount reduction programs to further reduce operating costs primarily in an effort to improve the performance of certain segments related to the Electronics business and reduce cost at the headquarters function. Through measures including the realignment of its manufacturing sites, a review of its development and design structure, and the streamlining of its sales and administrative functions, Sony has continued to implement a company-wide (including headquarters) rationalization. Sony intends to reallocate and optimize its workforce through programs including work reassignments and outplacements. The employee termination benefits costs in the above table are included in selling, general and administrative in the consolidated statements of income. During the fiscal year ended March 31, 2015, Sony substantially completed the activities for optimizing the functions of sales companies and headquarters described above, other than those for the Mobile Communication segment. In the third quarter of the fiscal year ended March 31, 2015, Sony began restructuring plans regarding the Mobile Communication segment to reduce headcount by streamlining business operations, including closure and consolidation of manufacturing sites, and the consolidation of headquarters and administrative functions. During the fiscal year ended March 31, 2016, the restructuring plans regarding the Mobile Communication segment progressed as planned by streamlining business operations, including the closure and consolidation of manufacturing sites, and the consolidation of headquarters and administrative functions described above. This restructuring program was substantially completed before March 31, 2017. Components As described in Note 25, as for Components segment, Sony and Murata Manufacturing Co., Ltd. signed a binding definitive agreement to transfer the Sony Group’s battery business to the Murata Group. Sony classified certain assets and liabilities related to the battery business as held for sale and, as a result of the fair value valuation of these assets and liabilities, recorded impairment losses of 42,298 million yen in other operating expense, net in the consolidated statements of income for the fiscal year ended March 31, 2017. All Other and Corporate Sony recorded restructuring charges that resulted from exiting the PC business of 19,635 million yen during the fiscal year ended March 31, 2015. The amount above includes costs relating to a reduction in the scale of sales companies resulting from the decision to exit the PC business of 8,278 million yen for the fiscal year ended March 31, 2015. Refer to Note 25. In an effort to improve the performance of the disc manufacturing business, Sony initiated a number of restructuring activities to reduce its operating costs. These activities resulted in restructuring charges primarily consisting of headcount reductions and the closure and consolidation of manufacturing sites totaling 6,923 million yen for the fiscal year ended March 31, 2015. Refer to Note 13 for the long-lived As a result of efforts to optimize the sales and headquarters functions that indirectly support the Electronics businesses, which are described above, Sony recorded restructuring charges primarily consisting of headcount reductions totaling 22,345 million yen and 7,112 million yen during the fiscal years ended March 31, 2015 and 2016. There were no significant restructuring charges for the Electronics businesses during the fiscal year ended March 31, 2017. |
Supplemental consolidated state
Supplemental consolidated statements of income information | 12 Months Ended |
Mar. 31, 2017 | |
Other Income and Expenses [Abstract] | |
Supplemental consolidated statements of income information | 20. Supplemental consolidated statements of income information (1) Other operating expense, net Sony records transactions in other operating expense, net due to either the nature of the transaction or in consideration of factors including the relationship to Sony’s core operations. Other operating expense, net is comprised of the following: Yen in millions March 31 2015 2016 2017 Gain on sale of the U.S. headquarters building *1 (5,991 ) (6,545 ) — Gain on sale of Sony City Osaki *1 (4,914 ) (4,914 ) (4,914 ) Gain on sales of music publishing catalog in Pictures segment (1,871 ) — — (Gain) loss on sale, remeasurement, and issuance of M3 shares *2 113 (2 ) (37,167 ) (Gain) loss on purchase/sale of interests in subsidiaries and affiliates, net *3 1,716 (31,778 ) (4,259 ) (Gain) loss on sale, disposal or impairment of assets, net *4 192,605 90,410 195,341 181,658 47,171 149,001 *1 A portion of gain on sale and leaseback transactions is deferred and is amortized on a straight-line basis over the lease term. *2 Refer to Note 5. *3 Refer to Notes 24 and 25. *4 Refer to Notes 9, 13, 19 and 25. (2) Research and development costs Research and development costs charged to cost of sales for the fiscal years ended March 31, 2015, 2016 and 2017 were 464,320 million yen, 468,183 million yen and 447,456 million yen, respectively. (3) Advertising costs Advertising costs included in selling, general and administrative expenses for the fiscal years ended March 31, 2015, 2016 and 2017 were 444,444 million yen, 391,326 million yen and 363,815 million yen, respectively. (4) Shipping and handling costs Shipping and handling costs for finished goods included in selling, general and administrative expenses for the fiscal years ended March 31, 2015, 2016 and 2017 were 65,561 million yen, 50,803 million yen and 42,195 million yen, respectively, which included the internal transportation costs of finished goods. |
Income taxes
Income taxes | 12 Months Ended |
Mar. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Income taxes | 21. Inco Domestic and foreign components of income (loss) before income taxes and the provision for current and deferred income taxes attributable to such income are summarized as follows: Yen in millions Fiscal year ended March 31 2015 2016 2017 Income (loss) before income taxes: Sony Corporation and all subsidiaries in Japan (88,855 ) 149,256 166,158 Foreign subsidiaries 128,584 155,248 85,461 39,729 304,504 251,619 Income taxes — Current: Sony Corporation and all subsidiaries in Japan 40,321 41,080 49,739 Foreign subsidiaries 40,430 53,498 50,521 80,751 94,578 100,260 Income taxes — Deferred: Sony Corporation and all subsidiaries in Japan (3,306 ) (1,745 ) 11,478 Foreign subsidiaries 11,288 1,956 12,320 7,982 211 23,798 Total income tax expense 88,733 94,789 124,058 A reconciliation of the differences between the Japanese statutory tax rate and the effective tax rate is as follows: Fiscal year ended March 31 2015 2016 2017 Statutory tax rate 36.0 % 33.6 % 31.7 % Non-deductible 16.1 1.6 2.3 Income tax credits (1.4 ) (2.0 ) (2.9 ) Change in statutory tax rate (66.7 ) (3.3 ) 0.3 Change in valuation allowances 221.1 10.7 7.3 Change in deferred tax liabilities on undistributed earnings of foreign subsidiaries and corporate joint ventures 17.4 (0.8 ) (1.4 ) Lower tax rate applied to life and non-life (24.6 ) (2.3 ) (2.2 ) Foreign income tax differential (79.7 ) (6.9 ) (3.0 ) Adjustments to tax reserves (23.1 ) 0.7 (1.1 ) Effect of equity in net income (loss) of affiliated companies 0.1 0.0 0.0 Impairment of goodwill in the Pictures segment — — 15.0 Tax benefit related to intraperiod tax allocation (27.2 ) — — Impairment of goodwill related to mobile communications business 159.5 — — Other (4.2 ) (0.2 ) 3.3 Effective income tax rate 223.3 % 31.1 % 49.3 % In March 2015, the Japanese legislature enacted tax law changes which included further lowering of the national corporate tax rate, limiting the annual use of net operating loss carryforwards to 65% of taxable income for the periods ended March 31, 2016 and 2017 and to 50% of taxable income for periods beginning on or after April 1, 2017, and increasing the net operating loss carryforward period from nine to ten years for losses incurred in the tax years beginning on or after April 1, 2017. As a result, the statutory tax rate for the fiscal year ended March 31, 2016 was approximately 33%. The limitation on the use of net operating loss carryforwards, however, may result in cash tax payments being due if there is taxable income in Japan even though Sony Corporation and its national tax filing group in Japan have significant net operating loss carryforwards available. In addition, the limitation on the use of losses, when combined with the relatively short carryforward period, increases the risk of some net operating loss carryforwards expiring unutilized. The impact of the tax law changes resulted in a net deferred tax benefit of 26,588 million yen for the fiscal year ended March 31, 2015, primarily due to a reduction to the deferred tax liabilities in the insurance business in Japan. In March 2016, the Japanese legislature enacted tax law changes which included further lowering of the national corporate tax rate, limiting the annual use of net operating loss carryforwards to 60% of taxable income for the period ended March 31, 2017, to 55% of taxable income for the period ending March 31, 2018, and to 50% of taxable income for periods beginning on or after April 1, 2018. As a result, the statutory tax rate from the fiscal year ending March 31, 2017 onward will be approximately 31.5%. The impact of the tax law changes resulted in a net deferred tax benefit of 10,735 million yen for the fiscal year ended March 31, 2016, primarily due to a reduction to the deferred tax liabilities in the insurance business in Japan. Under the accounting guidance for intraperiod tax allocation, Sony is required to consider all items of income (including items recorded in other comprehensive income) in determining the amount of tax benefit that should be allocated to a loss from continuing operations. During the fiscal year ended March 31, 2015, Sony Corporation and its national tax filing group in Japan and certain other jurisdictions incurred a loss from continuing operations while also recording other comprehensive income. As a result, Sony allocated 10,799 million yen of tax benefit to continuing operations, which was exactly offset by additional income tax expense in other comprehensive income. The total income tax provision did not change and these jurisdictions continue to be impacted by the full valuation allowance on deferred tax assets. During the fiscal years ended March 31, 2016 and 2017, there were no applications of the intraperiod allocation rules as no jurisdictions met the necessary criteria. The significant components of deferred tax assets and liabilities are as follows: Yen in millions March 31 2016 2017 Deferred tax assets: Operating loss carryforwards for tax purposes 483,590 455,555 Accrued pension and severance costs 131,262 112,075 Film costs 175,439 181,243 Warranty reserves and accrued expenses 96,327 110,475 Future insurance policy benefits 27,419 30,884 Inventory 38,219 16,322 Depreciation 48,339 47,485 Tax credit carryforwards 145,011 134,427 Reserve for doubtful accounts 10,179 10,887 Impairment of investments 47,083 52,451 Deferred revenue in the Pictures segment 16,336 27,294 Other 140,218 158,420 Gross deferred tax assets 1,359,422 1,337,518 Less: Valuation allowance (1,055,858 ) (1,051,964 ) Total deferred tax assets 303,564 285,554 Deferred tax liabilities: Insurance acquisition costs (144,207 ) (160,308 ) Future insurance policy benefits (132,521 ) (147,159 ) Unbilled accounts receivable in the Pictures segment (99,625 ) (113,997 ) Unrealized gains on securities (97,745 ) (78,643 ) Intangible assets acquired through stock exchange offerings (23,794 ) (23,794 ) Undistributed earnings of foreign subsidiaries and corporate joint ventures (35,666 ) (26,473 ) Investment in M3 (33,933 ) (34,775 ) Other (53,750 ) (34,271 ) Gross deferred tax liabilities (621,241 ) (619,420 ) Net deferred tax liabilities (317,677 ) (333,866 ) Based on the weight of the available positive and negative evidence, for the fiscal year ended March 31, 2017, Sony continued to maintain valuation allowances against the deferred tax assets at Sony Corporation and its national tax filing group in Japan, as well as at Sony Americas Holding Inc. (“SAHI”) and its consolidated tax filing group, Sony Mobile Communications in Sweden, Sony Europe Limited (“SEU”) in the U.K., certain subsidiaries in Brazil, and certain subsidiaries in other tax jurisdictions. The net changes in the total valuation allowance was an increase of 50,092 million yen for the fiscal year ended March 31, 2015, and decreases of 21,764 million yen and 3,894 million yen for the fiscal years ended March 31, 2016 and 2017, respectively. The increase in the valuation allowances during the fiscal year ended March 31, 2015 was primarily due to increasing tax credit carryforwards at SAHI and its consolidated tax filing group in the U.S. and continuing losses at Sony Corporation and its national tax filing group in Japan. The decrease in the valuation allowances during the fiscal year ended March 31, 2016 was primarily due to the effect of foreign currency translation adjustments at SAHI and its consolidated tax filing group in the U.S. and the reversal of valuation allowances for local tax purposes for certain Japanese subsidiaries based on the weight of the available positive and negative evidence, including the strength of earnings in recent years and their forecast of continuing profits. These decreases were partially offset by an increase in the valuation allowance for accrued pension and severance costs in the national tax filing group in Japan. The decrease in the valuation allowances during the fiscal year ended March 31, 2017 was primarily due to the use of net operating loss carryforwards for the national tax filing group in Japan. Net deferred tax assets (net of valuation allowance) and liabilities are included in the consolidated balance sheets as follows: Yen in millions March 31 2016 2017 Current assets — Deferred income taxes 40,940 — Other assets — Deferred income taxes 97,639 98,958 Current liabilities — Other (5,330 ) — Long-term liabilities — Deferred income taxes (450,926 ) (432,824 ) Net deferred tax liabilities (317,677 ) (333,866 ) At March 31, 2017, deferred income taxes have not been provided on undistributed earnings of foreign subsidiaries and corporate joint ventures not expected to be remitted in the foreseeable future totaling 742,924 million yen, and on the gain of 61,544 million yen on a subsidiary’s sale of stock arising from the issuance of common stock of Sony Music Entertainment (Japan) Inc. in a public offering to third parties in November 1991, as Sony does not anticipate any significant tax consequences on the possible future disposition of its investment based on its tax planning strategies. At March 31, 2017, Sony had net operating loss carryforwards, the tax effect of which totaled 455,555 million yen, which may be available as an offset against future taxable income on tax returns to be filed in various tax jurisdictions. With the exception of 140,885 million yen with no expiration period, substantially all of the total net operating loss carryforwards expire at various dates between the fiscal years ending March 31, 2018 and 2024, and the remaining amounts have expiration periods up to 20 years depending on the jurisdiction. Tax credit carryforwards at March 31, 2017 amounted to 134,427 million yen. With the exception of 20,022 million yen with no expiration period, substantially all of the total available tax credit carryforwards expire at various dates between the fiscal years ending March 31, 2018 and 2027. A reconciliation of the beginning and ending gross amounts of unrecognized tax benefits is as follows: Yen in millions March 31 2015 2016 2017 Balance at beginning of the fiscal year 222,318 165,434 114,126 Reductions for tax positions of prior years (2,898 ) (34,261 ) (558 ) Additions for tax positions of prior years 9,532 6,253 13,353 Additions based on tax positions related to the current year 3,740 4,299 8,231 Settlements (75,272 ) (12,556 ) (8,300 ) Lapse in statute of limitations (4,320 ) (8,229 ) (3,454 ) Foreign currency translation adjustments 12,334 (6,814 ) (3,869 ) Balance at end of the fiscal year 165,434 114,126 119,529 Total net amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate 93,538 49,323 45,987 The major changes in the total gross amount of unrecognized tax benefit balances relate to transfer pricing adjustments, including as a result of the Bilateral Advance Pricing Agreements (“APAs”) and competent authority requests filed for certain subsidiaries in the MC, G&NS, IP&S, HE&S, Semiconductors and Components segments and All Other, with respect to the intercompany cross-border transactions. The APAs include agreements between Sony and two taxing authorities under the authority of the mutual agreement procedure specified in income tax treaties. Sony reviews its estimated tax expense based on the progress made in these procedures, and the progress of transfer pricing audits generally, and makes adjustments to its estimates as necessary. In addition, the APAs are government to government negotiations, and therefore it is possible that the final outcomes of the agreements may differ from Sony’s current assessment of the more-likely-than-not During the fiscal year ended March 31, 2015, Sony recorded 1,023 million yen of interest expense and reversed 376 million yen of penalties. At March 31, 2015, Sony had recorded liabilities of 10,035 million yen and 3,684 million yen for the payments of interest and penalties, respectively. During the fiscal year ended March 31, 2016, Sony reversed 774 million yen of interest expense and recorded 674 million yen of penalties. At March 31, 2016, Sony had recorded liabilities of 9,261 million yen and 4,358 million yen for the payments of interest and penalties, respectively. During the fiscal year ended March 31, 2017, Sony recorded 474 million yen of interest expense and reversed 597 million yen of penalties. At March 31, 2017, Sony had recorded liabilities of 9,735 million yen and 3,761 million yen for the payments of interest and penalties, respectively. Sony operates in multiple jurisdictions throughout the world, and its tax returns are periodically audited by Japanese and foreign taxing authorities. As a result of audit settlements, the conclusion of current examinations, the expiration of the statute of limitations in several jurisdictions and other reevaluations of Sony’s tax positions, it is expected that the amount of unrecognized tax benefits will change in the next twelve months. Accordingly, Sony believes it is reasonably possible that its existing unrecognized tax benefits may be reduced by an amount up to 24,553 million yen within the next twelve months. Sony remains subject to examinations by Japanese taxing authorities for tax years from 2008 through 2016, and by the U.S. and other material foreign taxing authorities for tax years from 2013 through 2016. |
Reconciliation of the differenc
Reconciliation of the differences between basic and diluted EPS | 12 Months Ended |
Mar. 31, 2017 | |
Earnings Per Share [Abstract] | |
Reconciliation of the differences between basic and diluted EPS | 22. Reconciliation of the differences between basic and diluted EPS Reconciliation of the differences between basic and diluted EPS for the fiscal years ended March 31, 2015, 2016 and 2017 is as follows: Yen in millions Fiscal year ended March 31 2015 2016 2017 Net income (loss) attributable to Sony Corporation’s stockholders for basic and diluted EPS computation (125,980 ) 147,791 73,289 Thousands of shares Weighted-average shares outstanding 1,114,424 1,237,802 1,262,023 Effect of dilutive securities: Stock acquisition rights — 2,109 2,358 Zero coupon convertible bonds — 17,972 23,962 Weighted-average shares for diluted EPS computation 1,114,424 1,257,883 1,288,343 Yen Basic EPS (113.04 ) 119.40 58.07 Diluted EPS (113.04 ) 117.49 56.89 Potential shares of common stock which were excluded from the computation of diluted EPS for the fiscal years ended March 31, 2015, 2016 and 2017 were 17,019 thousand shares, 11,357 thousand shares and 6,856 thousand shares, respectively. The potential shares were excluded as anti-dilutive for the fiscal year ended March 31, 2015 due to Sony incurring a net loss attributable to Sony Corporation’s stockholders for the fiscal year, and potential shares related to stock acquisition rights were excluded as anti-dilutive for the fiscal years ended March 31, 2016 and 2017 when the exercise price for those shares was in excess of the average market value of Sony’s common stock for those fiscal years. The zero coupon convertible bonds issued in July 2015 were included in the diluted EPS calculation under the if-converted |
Variable interest entities
Variable interest entities | 12 Months Ended |
Mar. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Variable interest entities | 23. Varia Sony has, from time to time, entered into various arrangements with VIEs. These arrangements include several joint ventures in the recorded music business, an equity investment in the music publishing business, the financing of film production and the outsourcing of manufacturing operations. In addition, Sony has entered into several accounts receivable sales programs that involve VIEs, which are described in Note 6. For the VIEs that are described below, it has been determined that Sony is the primary beneficiary and, accordingly, these VIEs are consolidated by Sony. Sony’s U.S. subsidiary that is engaged in the recorded music business has entered into several joint ventures with companies involved in the production and creation of recorded music. Sony has reviewed these joint ventures and determined that they are VIEs. Based on a qualitative assessment, it was determined that Sony has the power to direct the activities that most significantly impact the VIEs’ economic performance, as well as the obligation to absorb the losses of theses VIEs as Sony is responsible for providing funding to these VIEs, and in most cases absorbs all losses until the VIEs become profitable. As a result, it has been determined that Sony is the primary beneficiary. The assets of Sony are not available to settle the obligations of these VIEs. As of March 31, 2017, the total assets and liabilities for these VIEs, on an aggregate basis, were 28,446 million yen and 2,474 million yen, respectively. VIEs in which Sony holds a significant variable interest, but is not the primary beneficiary are described as follows: As described in Note 5, on June 29, 2012, an investor group which included a wholly-owned subsidiary of Sony Corporation completed its acquisition of EMI Music Publishing. To effect the acquisition, the investor group formed DH Publishing, L.P. (“DHP”) which acquired EMI Music Publishing. In addition, DHP entered into an agreement with Sony’s U.S.-based music publishing subsidiary in which the subsidiary provides administration services to DHP (the “Administration Agreement”). DHP was determined to be a VIE as many of the decision making rights for the entity do not reside within the entity’s equity interests, but rather are embedded in the Administration Agreement. Under the terms of the Administration Agreement, the largest non-Sony non-Sony Sony’s subsidiary in the Pictures segment entered into a distribution agreement with and made an investment in a production company that will develop, produce and finance feature-length motion pictures and television programming. The investment is accounted for under the cost method. The production company is a VIE as many of the decision making rights for the entity reside within the equity interests held by the management of the production company which are not at risk of economic loss. Based on a qualitative assessment, it was determined that Sony is not the primary beneficiary as Sony does not have the power to direct the activities of the production company. Sony’s maximum exposure to losses as of March 31, 2017 is the amount of investment and the future funding commitments, which total 50 million U.S. dollars. As described in Note 6, certain accounts receivable sales programs also involve VIEs. These VIEs are all special purpose entities associated with the sponsor banks. Based on a qualitative assessment, Sony is not the primary beneficiary and therefore does not consolidate these entities as Sony does not have the power to direct the activities, an obligation to absorb losses, or the right to receive the residual returns of these VIEs. Sony’s maximum exposure to losses from these VIEs is considered insignificant. |
Acquisitions
Acquisitions | 12 Months Ended |
Mar. 31, 2017 | |
Business Combinations [Abstract] | |
Acquisitions | 24. (1) Sony Semiconductor acquisitions On December 4, 2015, Sony Corporation and Toshiba Corporation (“Toshiba”) signed definitive agreements (the “Transfer Agreements”) to transfer to Sony Corporation and to Sony Semiconductor Manufacturing Corporation (“SCK”), a wholly-owned subsidiary of Sony, semiconductor fabrication facilities, equipment and related assets, as well as other related equipment and assets owned by Toshiba, for 19,000 million yen. On March 31, 2016, pursuant to the Transfer Agreements, SCK acquired from Toshiba a portion of the semiconductor fabrication facilities, equipment and related assets (the “Toshiba Transferred Assets”) for 16,700 million yen. The purchase price for the Toshiba Transferred Assets is included within Other in the investing activities section of the consolidated statements of cash flows. SCK is utilizing the Toshiba Transferred Assets to establish a new technology center and further strengthen its production capacity for CMOS image sensors. The purchase price for the Toshiba Transferred Assets was allocated and recorded primarily to machinery and equipment. SCK also entered into a supply arrangement with Toshiba to manufacture and supply CMOS image sensors for a certain period following the acquisition. In connection with this acquisition, SCK also acquired related inventories from Toshiba. During the fiscal year ended March 31, 2017, SCK acquired additional assets under the Transfer Agreements for 1,210 million yen. The remaining portion of the assets to be transferred to SCK under the Transfer Agreements will be acquired in the fiscal year ending March 31, 2018. As the purchase price for the Toshiba Transferred Assets was fully allocated to identifiable tangible and intangible assets and no liabilities were assumed, no goodwill was recorded as part of the acquisition. Pro forma results of operations have not been presented because the effect of the acquisition was not material. (2) Orchard acquisition In April 2015, Sony Music Entertainment (“SME”), a wholly owned subsidiary of Sony, increased its shareholding in The Orchard to 100% by acquiring Orchard Asset Holdings, LLC’s 49% equity interest for 22,168 million yen (185 million U.S. dollars). Prior to the acquisition, SME’s interest in The Orchard was accounted for under the equity method of accounting. As a result of SME’s obtaining a controlling interest in The Orchard, Sony consolidated The Orchard in accordance with the accounting guidance for business combinations achieved in stages and remeasured the 51% equity interest in The Orchard that it owned prior to the acquisition at a fair value, and recognized a gain of 18,085 million yen (151 million U.S. dollars) in other operating expense, net in the consolidated statement of income. As a result of the acquisition, Sony recorded 36,664 million yen (307 million U.S. dollars) of goodwill and 13,806 million yen (115 million U.S. dollars) of intangible assets. The cash consideration of 19,547 million yen (164 million U.S. dollars) paid in this transaction, net of cash received, is included within Other in the investing activities section of the consolidated statements of cash flows. Pro forma results of operations have not been presented because the effect of the acquisition was not material. (3) TEN Sports Network acquisition On February 28, 2017, Sony Pictures Networks India, a wholly-owned subsidiary of Sony, completed the first phase of a two-phase As a result of the acquisition, Sony recorded 24,729 million yen (219 million U.S. dollars) of goodwill and 14,354 million yen (127 million U.S. dollars) of intangible assets. The cash consideration paid in this transaction, net of cash received, is included within Other in the investing activities section of the consolidated statements of cash flows. Pro forma results of operations have not been presented because the effect of the acquisition was not material. (4) Other acquisitions During the fiscal year ended March 31, 2015, Sony completed other acquisitions for total consideration of 23,103 million yen which were paid for primarily in cash and included the August 14, 2014 acquisition of CSC Media Group for total cash consideration of 18,900 million yen. CSC Media Group is one of the United Kingdom’s largest independent cable and satellite television channel groups. There was no material contingent consideration subject to future change. As a result of these acquisitions, Sony recorded 12,626 million yen of goodwill and 10,731 million yen of intangible assets. During the fiscal year ended March 31, 2016, Sony completed other acquisitions for total consideration of 46,233 million yen which were paid for primarily in cash and included the February 1, 2016 acquisition of Altair for total consideration of 25,565 million yen. Altair develops and sells products focused on LTE (Long Term Evolution) technologies. There was no material contingent consideration subject to future change. The cash consideration of 22,657 million yen paid in the Altair transaction is included within Other in the investing activities section of the consolidated statements of cash flows. As a result of these acquisitions, Sony recorded 36,128 million yen of goodwill and 14,983 million yen of intangible assets, of which 17,879 million yen of goodwill and 6,600 million yen of intangible assets related to the Altair transaction. During the fiscal year ended March 31, 2017, Sony completed other acquisitions for total consideration of 12,409 million yen which were paid for primarily in cash and there was no material contingent consideration subject to future change. As a result of these acquisitions, Sony recorded 12,384 million yen of goodwill and 7,073 million yen of intangible assets. No significant amounts have been allocated to in-process |
Divestitures
Divestitures | 12 Months Ended |
Mar. 31, 2017 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Divestitures | 25. D (1) PC business On July 1, 2014, Sony completed the sale of its PC business and certain related assets to VAIO Corporation, which was established by Japan Industrial Partners, Inc., in accordance with the definitive agreements reached on May 2, 2014. Although Sony continued to incur certain costs related to exiting the PC business, there was no gain or loss recorded as a direct result of the sale. (2) Sale of the logistics business On April 1, 2015, in connection with the formation of a logistics joint venture, Sony sold a part of its logistics business in Japan, Thailand, and Malaysia within Corporate to MITSUI-SOKO HOLDINGS Co., Ltd. for a sales price of 19,211 million yen. As a result of the sale, Sony recognized a gain of 12,284 million yen in other operating expense, net in the consolidated statement of income. (3) Battery business On October 31, 2016, Sony and Murata Manufacturing Co., Ltd. signed a binding definitive agreement to transfer the Sony Group’s battery business to the Murata Group (the “Transfer”). The closing of the Transfer is subject to required regulatory approvals and other conditions. Sony classified certain assets and liabilities related to the battery business as held for sale and, as a result of the fair value valuation of these assets and liabilities, recorded impairment losses of 42,298 million yen in other operating expense, net in the consolidated statements of income for the fiscal year ended March 31, 2017. |
Collaborative arrangements
Collaborative arrangements | 12 Months Ended |
Mar. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Collaborative arrangements | 26. Collabora Sony’s collaborative arrangements primarily relate to arrangements entered into, through a subsidiary in the Pictures segment, with one or more active participants to jointly finance, produce and/or distribute motion pictures or television programming under which both the subsidiary and the other active participants share in the risks and rewards of ownership. These arrangements are referred to as co-production Sony typically records an asset for only the portion of the motion pictures or television programming it owns and finances. Sony and the other participants typically distribute the product in different media or markets. Revenues earned and expenses incurred for the media or markets in which Sony distributes the product are typically recorded on a gross basis. Sony typically does not record revenues earned and expenses incurred when the other participants distribute the product. Sony and the other participants typically share in the profits from the distribution of the product in all media or markets. For motion pictures, if Sony is a net receiver of (1) Sony’s share of the profits from the media or markets distributed by the other participants less (2) the other participants’ share of the profits from the media or markets distributed by Sony then the net amount is recorded as net sales. If Sony is a net payer then the net amount is recorded in cost of sales. For television programming, Sony records its share of the profits from the media or markets distributed by the other participants as sales, and the other participants’ share of the profits from the media or markets distributed by Sony as cost of sales. For the fiscal years ended March 31, 2015, 2016 and 2017, 23,741 million yen, 30,888 million yen and 44,124 million yen, respectively, were recorded as net sales for amounts due from the other participants and 22,983 million yen, 38,303 million yen and 29,594 million yen, respectively, were recorded as cost of sales for amounts owed to the other participants in these collaborative arrangements. |
Commitments, contingent liabili
Commitments, contingent liabilities and other | 12 Months Ended |
Mar. 31, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments, contingent liabilities and other | 27. Commit (1) Loan commitments Subsidiaries in the Financial Services segment have entered into loan agreements with their customers in accordance with the condition of the contracts. As of March 31, 2017, the total unused portion of the lines of credit extended under these contracts was 31,448 million yen. The aggregate amounts of future year-by-year (2) Purchase commitments and other Purchase commitments and other outstanding as of March 31, 2017 amounted to 343,907 million yen. The major components of these commitments are as follows: Certain subsidiaries in the Pictures segment have entered into agreements with creative talent for the development and production of motion pictures and television programming as well as agreements with third parties to acquire completed motion pictures, or certain rights therein, and to acquire the rights to broadcast certain live action sporting events. These agreements cover various periods mainly within three years. As of March 31, 2017, these subsidiaries were committed to make payments under such contracts of 139,006 million yen. Certain subsidiaries in the Music segment have entered into long-term contracts with recording artists, songwriters and companies for the future production, distribution and/or licensing of music product. These contracts cover various periods mainly within five years. As of March 31, 2017, these subsidiaries were committed to make payments of 61,660 million yen under such long-term contracts. A subsidiary in the Game & Network Services segment has entered into long-term contracts for programming content. These contracts cover various periods mainly up to two years. As of March 31, 2017, this subsidiary was committed to make payments of 16,317 million yen under such long-term contracts. Sony has entered into long-term sponsorship contracts related to advertising and promotional rights. These contracts cover various periods mainly within three years. As of March 31, 2017, Sony has committed to make payments of 13,305 million yen under such long-term contracts. The schedule of the aggregate amounts of year-by-year Fiscal year ending March 31 Yen in millions 2018 199,807 2019 69,850 2020 43,327 2021 9,631 2022 8,754 Later fiscal years 12,538 Total 343,907 (3) Litigation Beginning in 2009, the U.S. Department of Justice (“DOJ”), the European Commission and certain other governmental agencies outside the United States have conducted investigations relating to competition in the optical disk drives market. Sony Corporation and/or certain of its subsidiaries have been subject to these investigations. Sony understands that the investigations of several agencies, including the DOJ, have ended, and only one agency continues to investigate. However, proceedings initiated by the European Commission as a result of its investigation continue. In October 2015, the European Commission adopted a decision in which it fined Sony Corporation and certain of its subsidiaries 31 million euros; however, Sony filed an appeal against the decision with the European Union’s General Court. In addition, a number of direct and indirect purchaser lawsuits, including class actions, have been filed in certain jurisdictions in which the plaintiffs allege that Sony Corporation and certain of its subsidiaries violated antitrust laws and seek recovery of damages and other remedies. Certain of these lawsuits have been settled, including the class actions brought by the direct and indirect purchasers in the United States; however, certain other lawsuits continue. Based on the stage of the pending proceedings, it is not possible to estimate the amount of losses or range of possible losses, if any, that might ultimately result from adverse judgments, settlements or other resolution of all of these matters. Beginning in 2011, the DOJ, the European Commission and certain other governmental agencies outside the United States conducted investigations relating to competition in the secondary batteries market. Sony Corporation and/or certain of its subsidiaries were subject to these investigations. Sony understands that the investigations by these agencies, including the DOJ and the European Commission, have ended or are no longer active. With respect to the investigation by the European Commission, in December 2016, Sony and certain of its subsidiaries reached a settlement with the European Commission to pay a fine of approximately 29.8 million euros. In addition, a number of direct and indirect purchaser lawsuits, including class actions, have been filed in certain jurisdictions in which the plaintiffs allege that Sony Corporation and certain of its subsidiaries violated antitrust laws and seek recovery of damages and other remedies. Certain of these lawsuits have been settled, including the class actions brought by the direct and indirect purchasers in the United States; however, certain other lawsuits continue. Based on the stage of the pending proceedings, it is not possible to estimate the amount of losses or range of possible losses, if any, that might ultimately result from adverse judgments, settlements or other resolution of all of these matters. A Sony subsidiary outside Japan was subject to a non-Japanese In addition, Sony Corporation and certain of its subsidiaries are defendants or otherwise involved in other pending legal and regulatory proceedings. However, based upon the information currently available, Sony believes that the outcome from such legal and regulatory proceedings would not have a material impact on Sony’s results of operations and financial position. (4) Guarantees Sony has issued guarantees that contingently require payments to guaranteed parties if certain specified events or conditions occur. The maximum potential amount of future payments under these guarantees as of March 31, 2017 amounted to 3,368 million yen. In addition to the above, Sony also issues contractual product warranties under which it generally guarantees the performance of products delivered and services rendered for a certain period or term. The changes in the product warranty liability for the fiscal years ended March 31, 2015, 2016 and 2017 are as follows: Yen in millions Fiscal year ended March 31 2015 2016 2017 Balance at beginning of the fiscal year 79,718 75,129 66,943 Additional liabilities for warranties 87,902 83,227 53,502 Settlements (in cash or in kind) (78,356 ) (81,462 ) (49,532 ) Changes in estimate for pre-existing (13,731 ) (6,440 ) (7,927 ) Translation adjustment (404 ) (3,511 ) (2,188 ) Balance at end of the fiscal year 75,129 66,943 60,798 |
Business segment information
Business segment information | 12 Months Ended |
Mar. 31, 2017 | |
Segment Reporting [Abstract] | |
Business segment information | 28. The reportable segments presented below are the segments of Sony for which separate financial information is available and for which operating profit or loss amounts are evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. The CODM does not evaluate segments using discrete asset information. Sony’s CODM is its Chief Executive Officer and President. Sony realigned its business segments from the first quarter of the fiscal year ended March 31, 2017 to reflect a change in the Corporate Executive Officers in charge of certain segments and modifications to the organizational structure of certain segments as of April 1, 2016. As a result of this realignment, Sony has separated the Devices segment into the Semiconductors segment and the Components segment. In addition, the operations of the automotive camera business, which were included in the IP&S segment, and the operations of the Imaging Device Development Division, which were included in Corporate and elimination, are now included in the Semiconductors segment. Additionally, certain operations which were included in All Other and Corporate and elimination are now included in the Music segment and All Other, respectively. In connection with these realignments, the sales and operating revenue and operating income (loss) of each segment for the comparable period have been reclassified to conform to the current presentation. The MC segment includes the manufacture and sales of mobile phones and an Internet-related service businesses. The G&NS segment includes the manufacture and sales of home gaming products, network services businesses and production and sales of software. The IP&S segment includes the Still and Video Cameras business. The HE&S segment includes Televisions as well as Audio and Video businesses. The Semiconductors segment includes the image sensors and camera modules businesses. The Components segment includes the batteries and recording media businesses. The Pictures segment includes Motion Pictures, Television Productions and Media Networks businesses. The Music segment includes Recorded Music, Music Publishing and Visual Media and Platform businesses. The Financial Services segment primarily represents individual life insurance and non-life Segment sales and operating revenue: Yen in millions Fiscal year ended March 31 2015 2016 2017 Sales and operating revenue: Mobile Communications — Customers 1,409,179 1,121,925 752,688 Intersegment 1,036 5,548 6,457 Total 1,410,215 1,127,473 759,145 Game & Network Services — Customers 1,292,146 1,479,775 1,581,568 Intersegment 95,883 72,118 68,231 Total 1,388,029 1,551,893 1,649,799 Imaging Products & Solutions — Customers 696,888 677,231 571,499 Intersegment 3,682 6,724 8,134 Total 700,570 683,955 579,633 Home Entertainment & Sound — Customers 1,235,686 1,155,085 1,034,215 Intersegment 2,371 3,957 4,789 Total 1,238,057 1,159,042 1,039,004 Semiconductors — Customers 535,398 599,430 659,779 Intersegment 164,706 139,629 113,344 Total 700,104 739,059 773,123 Components — Customers 213,812 194,564 172,772 Intersegment 36,934 30,048 22,601 Total 250,746 224,612 195,373 Pictures — Customers 876,314 935,827 901,230 Intersegment 2,367 2,315 1,899 Total 878,681 938,142 903,129 Music — Customers 541,692 602,564 630,767 Intersegment 18,740 16,675 16,891 Total 560,432 619,239 647,658 Financial Services — Customers 1,077,604 1,066,319 1,080,284 Intersegment 6,025 6,750 7,220 Total 1,083,629 1,073,069 1,087,504 All Other — Customers 297,648 241,104 202,344 Intersegment 87,909 91,092 64,634 Total 385,557 332,196 266,978 Corporate and elimination (380,140 ) (342,968 ) (298,096 ) Consolidated total 8,215,880 8,105,712 7,603,250 G&NS intersegment amounts primarily consist of transactions with All Other. Semiconductors intersegment amounts primarily consist of transactions with the MC segment, the G&NS segment and the IP&S segment. All Other intersegment amounts primarily consist of transactions with the Pictures segment, the Music segment and the G&NS segment. Corporate and elimination includes certain brand and patent royalty income. Segment profit or loss: Yen in millions Fiscal year ended March 31 2015 2016 2017 Operating income (loss): Mobile Communications (217,574 ) (61,435 ) 10,164 Game & Network Services 48,104 88,668 135,553 Imaging Products & Solutions 38,790 69,320 47,257 Home Entertainment & Sound 24,102 50,558 58,504 Semiconductors 96,214 14,500 (7,811 ) Components (7,515 ) (42,919 ) (60,445 ) Pictures 58,527 38,507 (80,521 ) Music 58,190 86,509 75,798 Financial Services 193,307 156,543 166,424 All Other (94,172 ) 1,667 30,861 Total 197,973 401,918 375,784 Corporate and elimination (129,425 ) (107,721 ) (87,082 ) Consolidated operating income 68,548 294,197 288,702 Other income 25,076 66,849 14,418 Other expenses (53,895 ) (56,542 ) (51,501 ) Consolidated income before income taxes 39,729 304,504 251,619 Operating income (loss) is sales and operating revenue less costs and expenses, and includes equity in net income (loss) of affiliated companies. All Other includes the results of the PC business and the disc manufacturing business (Refer to Notes 13 and 25). For the fiscal year ended March 31, 2015, the PC business results include sales company fixed costs which were allocated based on historical results. Corporate and elimination includes headquarters restructuring costs, restructuring costs related to the reduction in scale of sales companies following the decision to exit from the PC business (Refer to Notes 19 and 25), and certain other corporate expenses, including the amortization of certain intellectual property assets such as the cross-licensing of intangible assets acquired from Ericsson at the time of the Sony Mobile Communications acquisition, which are not allocated to segments. Pursuant to a separation of Sony’s businesses into distinct subsidiaries and a realignment of corporate functions, beginning from the fiscal year ended March 31, 2017, a change has been made to the method of calculating the amount of corporate costs allocated to each business segment and the amount of royalties paid by each business segment for brand and patent utilization. As a result of this change, an increase in corporate income of 31,780 million yen is included in Corporate and elimination for the fiscal year ended March 31, 2017. Conversely, an increase in expenses totaling the same amount is included in each of the following business segments: 2,771 million yen in the MC segment, 2,739 million yen in the G&NS segment, 3,413 million yen in the IP&S segment, 13,075 million yen in the HE&S segment, 3,727 million yen in the Semiconductors segment, 1,462 million yen in the Components segment, 2,569 million yen in the Pictures segment and 2,024 million yen in the Music segment. There is no change to the Financial Services segment. These changes have no impact on consolidated operating income. Other significant items: Yen in millions Fiscal year ended March 31 2015 2016 2017 Equity in net income (loss) of affiliated companies: Mobile Communications (534 ) (186 ) (79 ) Game & Network Services — — — Imaging Products & Solutions (70 ) — — Home Entertainment & Sound — — — Semiconductors — — — Components — — — Pictures (742 ) (981 ) (35 ) Music 3,471 3,801 5,435 Financial Services (782 ) (645 ) (3,601 ) All Other 2,578 249 1,843 Consolidated total 3,921 2,238 3,563 Depreciation and amortization: Mobile Communications 24,128 24,186 19,794 Game & Network Services 18,336 20,798 25,486 Imaging Products & Solutions 31,946 27,612 25,442 Home Entertainment & Sound 25,238 21,781 19,830 Semiconductors 78,474 100,964 102,328 Components 11,599 9,170 1,962 Pictures 19,980 22,375 20,487 Music 14,644 17,795 16,124 Financial Services, including deferred insurance acquisition costs 66,223 102,270 47,056 All Other 11,507 8,597 5,445 Total 302,075 355,548 283,954 Corporate 52,549 41,543 43,094 Consolidated total 354,624 397,091 327,048 The following table includes a breakdown of sales and operating revenue to external customers by product category for certain segments. Sony management views each segment as a single operating segment. Yen in millions Fiscal year ended March 31 2015 2016 2017 Sales and operating revenue: Mobile Communications 1,409,179 1,121,925 752,688 Game & Network Services Hardware 733,757 721,829 598,373 Network 351,467 529,318 714,924 Other 206,922 228,628 268,271 Total 1,292,146 1,479,775 1,581,568 Imaging Products & Solutions Still and Video Cameras 478,099 428,777 351,834 Other 218,789 248,454 219,665 Total 696,888 677,231 571,499 Home Entertainment & Sound Televisions 835,068 797,764 720,557 Audio and Video 396,814 354,946 311,771 Other 3,804 2,375 1,887 Total 1,235,686 1,155,085 1,034,215 Semiconductors 535,398 599,430 659,779 Components 213,812 194,564 172,772 Pictures Motion Pictures 434,253 447,355 409,363 Television Productions 252,456 270,115 271,886 Media Networks 189,605 218,357 219,981 Total 876,314 935,827 901,230 Music Recorded Music 383,350 412,718 388,948 Music Publishing 70,959 71,258 66,541 Visual Media and Platform 87,383 118,588 175,278 Total 541,692 602,564 630,767 Financial Services 1,077,604 1,066,319 1,080,284 All Other 297,648 241,104 202,344 Corporate 39,513 31,888 16,104 Consolidated total 8,215,880 8,105,712 7,603,250 Geographic Information: Sales and operating revenue attributed to countries and areas based on location of external customers for the fiscal years ended March 31, 2015, 2016 and 2017 and property, plant and equipment, net as of March 31, 2016 and 2017 are as follows: Yen in millions Fiscal year ended March 31 2015 2016 2017 Sales and operating revenue: Japan 2,233,776 2,317,312 2,392,790 United States 1,528,097 1,733,759 1,673,768 Europe 1,932,941 1,881,329 1,634,683 China 546,697 540,497 557,995 Asia-Pacific 1,052,453 959,171 866,712 Other Areas 921,916 673,644 477,302 Total 8,215,880 8,105,712 7,603,250 Yen in millions March 31 2016 2017 Property, plant and equipment, net: Japan 625,143 580,453 United States 99,743 101,167 Europe 31,738 24,273 China 19,884 13,466 Asia-Pacific 37,042 34,575 Other Areas 7,268 4,265 Total 820,818 758,199 Major countries and areas in each geographic segment excluding Japan, United States and China are as follows: (1) Europe: United Kingdom, France, Germany, Russia, Spain and Sweden (2) Asia-Pacific: India, South Korea and Oceania (3) Other Areas: The Middle East/Africa, Brazil, Mexico and Canada There are no individually material countries with respect to sales and operating revenue or property, plant and equipment, net included in Europe, Asia-Pacific and Other Areas. Transfers between reportable business segments or geographic areas are made at amounts which Sony’s management believes approximate arms-length transactions. There were no sales and operating revenue with any single major external customer for the fiscal years ended March 31, 2015, 2016 and 2017. |
Subsequent events
Subsequent events | 12 Months Ended |
Mar. 31, 2017 | |
Subsequent Events [Abstract] | |
Subsequent events | 29. Subsequent events On April 1, 2017, Sony transferred all of the equity interest in Sony Electronics Huanan Co., Ltd. (“SEH”), a wholly-owned subsidiary in the Semiconductors segment that manufactures camera modules, to Shen Zhen O-Film |
SCHEDULE II VALUATION AND QUALI
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS | 12 Months Ended |
Mar. 31, 2017 | |
Valuation and Qualifying Accounts [Abstract] | |
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS | SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS SONY CORPORATION AND CONSOLIDATED SUBSIDIARIES Yen in millions Balance at beginning of period Additions charged to costs and expenses Deductions Other Balance at end Fiscal year ended March 31, 2015: Allowance for doubtful accounts and sales returns 75,513 60,252 (51,211 ) 2,044 86,598 Fiscal year ended March 31, 2016: Allowance for doubtful accounts and sales returns 86,598 56,687 (66,443 ) (4,059 ) 72,783 Fiscal year ended March 31, 2017: Allowance for doubtful accounts and sales returns 72,783 33,667 (50,858 ) (2,442 ) 53,150 Notes: 1. Reversal including amounts written off. 2. Translation adjustment. Balance at beginning of period Additions Deductions Other Balance at end of period Fiscal year ended March 31, 2015: Valuation allowance — Deferred tax assets 1,027,530 137,039 (80,541 ) (6,406 ) 1,077,622 Fiscal year ended March 31, 2016: Valuation allowance — Deferred tax assets 1,077,622 154,171 (116,277 ) (59,658 ) 1,055,858 Fiscal year ended March 31, 2017: Valuation allowance — Deferred tax assets 1,055,858 149,697 (154,210 ) 619 1,051,964 Note: 1. Translation adjustment and the effect of changes in statutory tax rate. |
Summary of significant accoun38
Summary of significant accounting policies (Policies) | 12 Months Ended |
Mar. 31, 2017 | |
Accounting Policies [Abstract] | |
Basis of consolidation and accounting for investments in affiliated companies | Basis of consolidation and accounting for investments in affiliated companies - The consolidated financial statements include the accounts of Sony Corporation and its majority-owned subsidiary companies, general partnerships and other entities in which Sony has a controlling interest, and variable interest entities for which Sony is the primary beneficiary. All intercompany transactions and accounts are eliminated. Investments in business entities in which Sony does not have control, but has the ability to exercise significant influence over operating and financial policies, generally through 20-50% 3-5% On occasion, a consolidated subsidiary or an affiliated company accounted for by the equity method may issue its shares to third parties in either a public or private offering or upon conversion of convertible debt to common stock at amounts per share in excess of or less than Sony’s average per share carrying value. With respect to such transactions, the resulting gains or losses arising from the change in ownership interest are recorded in earnings within the fiscal year in which the change in interest transactions occur. Gains or losses that result from a loss of a controlling financial interest in a subsidiary are recorded in earnings along with fair value remeasurement gains or losses on any retained investment in the entity, while a change in interest of a consolidated subsidiary that does not result in a change in control is accounted for as a capital transaction and no gains or losses are recorded in earnings. The excess of the cost over the underlying net equity of investments in consolidated subsidiaries and affiliated companies accounted for on an equity basis is allocated to identifiable tangible and intangible assets and liabilities based on fair values at the date of acquisition. The unassigned residual value of the excess of the cost over Sony’s underlying net equity is recognized as goodwill as a component of the investment balance. |
Use of estimates | Use of estimates - The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates include those used in determining the valuation of investment securities, valuation of inventories, fair values of long-lived assets, fair values of goodwill, intangible assets and assets and liabilities assumed in business combinations, product warranty liability, pension and severance plans, valuation of deferred tax assets, uncertain tax positions, film costs, and insurance related liabilities. Actual results could significantly differ from those estimates. |
Translation of foreign currencies | Translation of foreign currencies - All asset and liability accounts of foreign subsidiaries and affiliates are translated into Japanese yen at appropriate fiscal year end exchange rates and all income and expense accounts are translated at exchange rates that approximate those rates prevailing at the time of the transactions. The resulting translation adjustments are accumulated as a component of accumulated other comprehensive income. Upon remeasurement of a previously held equity interest in accordance with the accounting guidance for business combinations achieved in stages, accumulated translation adjustments, if any, are included in earnings. Receivables and payables denominated in foreign currencies are translated at appropriate fiscal year end exchange rates and the resulting translation gains or losses are recognized into income. |
Cash and cash equivalents | Cash and cash equivalents - Cash and cash equivalents include all highly liquid investments, with original maturities of three months or less, that are readily convertible to known amounts of cash and are so near maturity that they present insignificant risk of changes in value because of changes in interest rates. |
Marketable debt and equity securities | Marketable debt and equity securities - Debt and equity securities designated as available-for-sale, held-to-maturity available-for-sale held-to-maturity Sony regularly evaluates its investment portfolio to identify other-than-temporary impairments of individual securities. Factors that are considered by Sony in determining whether an other-than-temporary decline in value has occurred include: the length of time and extent to which the market value of the security has been less than its original cost, the financial condition, operating results, business plans and estimated future cash flows of the issuer of the security, other specific factors affecting the market value, deterioration of the credit condition of the issuer, sovereign risk, and whether or not Sony is able to retain the investment for a period of time sufficient to allow for the anticipated recovery in market value. In evaluating the factors for available-for-sale When an other-than-temporary impairment of a held-to-maturity |
Equity securities in non-public companies | Equity securities in non-public Equity securities in non-public non-public |
Allowance for doubtful accounts | Allowance for doubtful accounts - Sony maintains an allowance for doubtful accounts to reserve for potentially uncollectible receivables. Sony reviews accounts receivable by amounts due from customers which are past due to identify specific customers with known disputes or collectability issues. In determining the amount of the reserve, Sony makes judgments about the creditworthiness of customers based on past collection experience and ongoing credit risk evaluations. |
Inventories | Inventories - Inventories in the Mobile Communications (“MC”), Game & Network Services (“G&NS”), Imaging Products & Solutions (“IP&S”), Home Entertainment & Sound (“HE&S”), Semiconductors, Components and Music segments as well as non-film “first-in, first-out” |
Other receivables | Other receivables - Other receivables include receivables which relate to arrangements with certain component manufacturers whereby Sony procures goods, including product components, for these component manufacturers and is reimbursed for the related purchases. No revenue or profit is recognized on these transfers. Sony will repurchase the inventory at a later date from the component manufacturers as either finished goods inventory or as partially assembled product. |
Film costs | Film costs - Film costs include direct production costs, production overhead and acquisition costs for both motion picture and television productions and are stated at the lower of unamortized cost or estimated fair value and classified as noncurrent assets. Film costs are amortized, and the estimated liabilities for residuals and participations are accrued using an individual-film-forecast method based on the ratio of current period actual revenues to the estimated remaining total revenues. Film costs also include broadcasting rights, which are recognized when the license period begins and the program is available for use, and consist of acquired programming to be aired on Sony’s worldwide channel network. Broadcasting rights are stated at the lower of unamortized cost or net realizable value, classified as either current or noncurrent assets based on timing of expected use. Broadcasting rights are amortized based on estimated usage or on a straight-line basis over the useful life, as appropriate, although broadcasting rights licensed under multi-year live-event sports programming agreements are generally amortized based on the ratio of the current period’s actual advertising revenue and an allocation of subscription fee revenue to the estimated total remaining attributable revenues. Estimates used in calculating the fair value of the film costs and the net realizable value of the broadcasting rights are based upon assumptions about future demand and market conditions and are reviewed on a periodic basis. |
Property, plant and equipment and depreciation | Property, plant and equipment and depreciation - Property, plant and equipment are stated at cost. Depreciation is computed using the straight-line method. Useful lives for depreciation range from two to 50 years for buildings and from two to 10 years for machinery and equipment. Significant renewals and additions are capitalized at cost. Maintenance and repairs, and minor renewals and betterments are charged to income as incurred. |
Goodwill and other intangible assets | Goodwill and other intangible assets - Goodwill and indefinite lived intangible assets are tested annually for impairment during the fourth quarter of the fiscal year and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value below its carrying amount. Such an event or change in circumstances would include unfavorable variances from established business plans, significant changes in forecasted results or volatility inherent to external markets and industries, which are periodically reviewed by Sony’s management. In the fiscal year ended March 31, 2017, Sony elected not to perform an optional qualitative assessment of goodwill and instead proceeded directly to a two-step The fair value of a reporting unit or indefinite lived intangible asset is generally determined using a discounted cash flow analysis. This approach uses significant estimates and assumptions, including projected future cash flows, the timing of such cash flows, discount rates reflecting the risk inherent in future cash flows, perpetual growth rates, earnings multiples, the determination of appropriate comparable entities and the determination of whether a premium or discount should be applied to comparables. Consideration is also given to Sony’s market capitalization in relation to the sum of the calculated fair values of the reporting units, including reporting units with no goodwill, and taking into account corporate level assets and liabilities not assigned to individual reporting units as well as a reasonable control premium. The assumptions used for projected future cash flows and the timing of such cash flows are based on the forecast and mid-range When a business within a reporting unit is disposed of, goodwill is allocated to the disposed business using the relative fair value method. Intangible assets with finite useful lives mainly consist of patent rights, know-how, internal-use know-how; internal-use |
Capitalized software | Capitalized software - The costs related to establishing the technological feasibility of software to be sold, leased or otherwise marketed are expensed as incurred as a part of research and development in cost of sales. Costs that are incurred to produce the finished product after technological feasibility is established are capitalized and amortized to cost of sales over the estimated economic life, which is generally three years. The technological feasibility of game software is established when the product master is completed. Consideration to capitalize game software development costs before this point is limited to the development costs of games for which technological feasibility can be proven at an earlier stage. At each balance sheet date, Sony performs reviews to ensure that unamortized capitalized software costs remain recoverable from future profits of the related software products. The costs incurred for internal-use |
Deferred insurance acquisition costs | Deferred insurance acquisition costs - Costs that vary with and are directly related to acquiring new insurance policies are deferred as long as they are recoverable. The deferred insurance acquisition costs include such items as commissions, medical examination costs and inspection report fees, and are subject to recoverability testing at least annually to ensure that the capitalized amounts do not exceed the present value of anticipated gross profits or premiums less benefits and maintenance expenses, as applicable. The deferred insurance acquisition costs for traditional life insurance contracts are amortized over the premium-paying period of the related insurance policies using assumptions consistent with those used in computing policy reserves. The deferred insurance acquisition costs for non-traditional |
Product warranty | Product warranty - Sony provides for the estimated cost of product warranties at the time revenue is recognized. The product warranty is calculated based upon product sales, estimated probability of failure and estimated cost per claim. The variables used in the calculation of the provision are reviewed on a periodic basis. Certain subsidiaries in the MC, G&NS, IP&S and HE&S segments offer extended warranty programs. The consideration received for extended warranty service is deferred and recognized as revenue on a straight-line basis over the term of the extended warranty. |
Future insurance policy benefits | Future insurance policy benefits - Liabilities for future insurance policy benefits are primarily comprised of the present value of estimated future payments to policyholders. These liabilities are computed by the net level premium method based upon the assumptions as to future investment yield, morbidity, mortality, withdrawals and other factors. These assumptions are reviewed on a periodic basis. Liabilities for future insurance policy benefits also include liabilities for guaranteed benefits related to certain non-traditional |
Policyholders' account in the life insurance business | Policyholders’ account in the life insurance business - Liabilities for policyholders’ account in the life insurance business represent the contract value that has accrued to the benefit of the policyholders as of the balance sheet date. This liability is generally equal to the accumulated account deposits, plus interest credited, less policyholder withdrawals and other charges assessed against the account balances. |
Impairment of long-lived assets | Impairment of long-lived assets - Sony reviews the recoverability of the carrying value of its long-lived assets held and used, other than goodwill and intangible assets with indefinite lives, and assets to be disposed of, whenever events or changes in circumstances indicate that the individual carrying amount of an asset or asset group may not be recoverable. Long-lived assets to be held and used are reviewed for impairment by comparing the carrying value of the asset or asset group with their estimated undiscounted future cash flows. If the cash flows are determined to be less than the carrying value of the asset or asset group, an impairment loss would be recognized during the period for the amount by which the carrying value of the asset or asset group exceeds estimated fair value. Long-lived assets that are to be disposed of other than by sale are considered held and used until they are disposed of. Long-lived assets that are to be disposed of by sale are reported at the lower of their carrying value or fair value less cost to sell and are not depreciated. Fair value is determined using the present value of estimated net cash flows or comparable market values. This approach uses significant estimates and assumptions including projected future cash flows, the timing of such cash flows, discount rates reflecting the risk inherent in future cash flows, perpetual growth rates applied to determine terminal values, determination of appropriate market comparables and the determination of whether a premium or discount should be applied to comparables. |
Fair value measurement | Fair value measurement - Sony measures fair value as an exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. Sony has elected the fair value option in the banking business for certain foreign securities. The election was made to mitigate accounting mismatches related to fluctuations of foreign exchange rates by allowing the gains and losses on the translation of these securities to be included in current earnings. The accounting guidance for fair value measurements specifies a hierarchy of inputs to valuation techniques based on the extent to which inputs used in measuring fair value are observable in the market. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect Sony’s assumptions about the assumptions that market participants would use in pricing the asset or liability. Observable market data is used if such data is available without undue cost and effort. Each fair value measurement is reported in one of three levels which is determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are: Level 1 — Inputs are unadjusted quoted prices for identical assets and liabilities in active markets. Level 2 — Inputs are based on observable inputs other than level 1 prices, such as quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations, in which all significant inputs are observable in active markets. Level 3 — One or more significant inputs are unobservable. When available, Sony uses unadjusted quoted market prices in active markets to measure fair value and classifies such items within level 1. If quoted market prices are not available, fair value is based upon internally developed valuation techniques that use, where possible, current market-based or independently sourced market parameters, such as interest rates, currency rates and option volatilities. Items valued using internally generated models are classified according to the lowest level input that is significant to the valuation. For certain financial assets and liabilities, Sony determines fair value using third-party information such as indicative quotes from dealers and quantitative input from investment advisors following Sony’s established valuation procedures including validation against internally developed prices. Additionally, Sony considers both counterparty credit risk and Sony’s own creditworthiness in determining fair value. Sony attempts to mitigate credit risk to third parties by entering into netting agreements and actively monitoring the creditworthiness of counterparties and its exposure to credit risk through the use of credit limits and by selecting major international banks and financial institutions as counterparties. Transfers between levels are deemed to have occurred at the beginning of the interim period in which the transfers occur. |
Derivative financial instruments | Derivative financial instruments - All derivatives are recognized as either assets or liabilities in the consolidated balance sheets at fair value on a gross basis. Changes in the fair value of derivative financial instruments are either recognized periodically in income or stockholders’ equity (as a component of accumulated other comprehensive income), depending on whether the derivative financial instrument qualifies as a hedge and the derivative is being used to hedge changes in fair value or cash flows. The accounting guidance for hybrid financial instruments permits an entity to elect fair value remeasurement for any hybrid financial instrument if the hybrid instrument contains an embedded derivative that would otherwise be required to be bifurcated and accounted for separately under accounting guidance for derivative instruments and hedging activities. The election to measure the hybrid instrument at fair value is made on an instrument-by-instrument In accordance with accounting guidance for derivative instruments and hedging activities, various derivative financial instruments held by Sony are classified and accounted for as described below. Fair value hedges Changes in the fair value of derivatives designated and effective as fair value hedges for recognized assets or liabilities or unrecognized firm commitments are recognized in earnings as offsets to changes in the fair value of the related hedged assets or liabilities. Cash flow hedges Changes in the fair value of derivatives designated and effective as cash flow hedges for forecasted transactions or exposures associated with recognized assets or liabilities are initially recorded in other comprehensive income and reclassified into earnings when the hedged transaction affects earnings. Changes in the fair value of the ineffective portion are recognized immediately in earnings. Derivatives not designated as hedges Changes in the fair value of derivatives that are not designated as hedges are recognized immediately in earnings. Assessment of hedges When applying hedge accounting, Sony formally documents all hedging relationships between the derivatives designated as hedges and the hedged items, as well as its risk management objectives and strategies for undertaking various hedging activities. Sony links all hedges that are designated as fair value or cash flow hedges to specific assets or liabilities on the consolidated balance sheets or to the specific forecasted transactions. Sony also assesses, both at the inception of the hedge and on an on-going |
Stock-based compensation | Stock-based compensation - Sony accounts for stock-based compensation using the fair value based method, measured on the date of grant using the Black-Scholes option-pricing model. The expense is mainly included in selling, general and administrative expenses. Stock-based compensation is recognized, net of an estimated forfeiture rate, over the requisite service period using the accelerated method of amortization for grants with graded vesting. The estimated forfeiture rate is based on Sony’s historical experience in the stock acquisition rights plans where the majority of the vesting terms have been satisfied. |
Revenue recognition | Revenue recognition - Revenues from sales in the MC, G&NS, IP&S, HE&S, Semiconductors, Components and Music segments are recognized when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the sales price is fixed or determinable, and collectability is reasonably assured. Delivery is considered to have occurred when the customer has taken title to the product and the risks and rewards of ownership have been substantively transferred. If the sales contract contains a customer acceptance provision, then sales are recognized after customer acceptance occurs or the acceptance provisions lapse. Revenues are recognized net of anticipated returns and sales incentives. Revenues from prepaid subscription fees, such as within the G&NS segment, are recognized ratably over the subscription term. Revenue arrangements with customers may include multiple elements, including any combination of products, services and software. An example includes sales of electronics products with rights to receive promotional goods. For Sony’s multiple element arrangements where at least one of the elements is not subject to existing software or film revenue recognition guidance, elements are separated into more than one unit of accounting when the delivered element(s) have value to the customer on a standalone basis, and delivery of the undelivered element(s) is probable and substantially in the control of Sony. Revenue is then allocated to each unit of accounting based on the relative selling price of each unit of accounting based first on vendor-specific objective evidence of selling price (“VSOE”) if it exists, based next on third-party evidence of selling price (“TPE”) if VSOE does not exist, and, finally, if both VSOE and TPE do not exist, based on estimated selling prices (“ESP”). VSOE is limited to either the price charged for an element when it is sold separately or, for an element not yet being sold separately, the price established by management having the relevant authority; it must be probable that the price, once established, will not change before the separate introduction of the element into the market place. TPE is the price of Sony’s or any competitor’s largely interchangeable products or services in standalone sales to similarly situated customers. ESP is the price at which Sony would transact if the element were sold by Sony regularly on a standalone basis. When determining ESP, Sony considers all relevant inputs, including sales, cost and margin analysis of the product, targeted rate of return of the product, competitors’ and Sony’s pricing practices and customer perspectives. Certain software products published by Sony provide limited on-line on-line Revenues from sales in the Pictures segment are recognized when persuasive evidence of an arrangement exists, the sales price is fixed or determinable and collectability is reasonably assured. Revenues from the theatrical exhibition of motion pictures are recognized as the customer exhibits the film. Revenues from the licensing of motion picture and television programming for pay and free television exhibition and other markets are recognized when the product is available for exploitation by the licensee and when any restrictions regarding the use of the product lapse. For home entertainment distribution, revenues from the sale of DVDs and Blu-ray TM , net of anticipated returns and sales incentives, are recognized when the product is available for sale to the public, and revenues from electronic sell-through and video-on-demand Traditional life insurance policies that the life insurance subsidiary underwrites, most of which are categorized as long-duration contracts, mainly consist of whole life, term life and accident and health insurance contracts. Premiums from these policies are reported as revenue when due from policyholders. Amounts received as payment for non-traditional Property and casualty insurance policies that the non-life Revenue is recognized net of any taxes collected from customers and subsequently remitted to governmental authorities. |
Consideration given to a customer or a reseller | Consideration given to a customer or a reseller - Sales incentives or other cash consideration given to a customer or a reseller, including payments for buydowns, slotting fees and cooperative advertising programs, are accounted for as a reduction of revenue unless Sony receives an identifiable benefit (goods or services) in exchange for the consideration, the fair value of the benefit is reasonably estimated and documentation from the reseller is received to support the amounts paid to the reseller. Payments meeting these criteria are recorded as selling, general and administrative expenses. For the fiscal years ended March 31, 2015, 2016 and 2017, consideration given to a reseller, primarily for free promotional shipping and cooperative advertising programs included in selling, general and administrative expenses, totaled 10,503 million yen, 13,178 million yen and 12,046 million yen, respectively. |
Cost of sales | Cost of sales - Costs classified as cost of sales relate to the producing and manufacturing of products and include items such as material cost, subcontractor cost, depreciation of fixed assets, amortization of intangible assets, personnel expenses, research and development costs, and amortization of film costs related to motion picture and television productions. |
Research and development costs | Research and development costs - Research and development costs, included in cost of sales, include items such as salaries, personnel expenses and other direct and indirect expenses associated with research and product development. Research and development costs are expensed as incurred. |
Selling, general and administrative | Selling, general and administrative - Costs classified as selling expenses relate to promoting and selling products and include items such as advertising, promotion, shipping and warranty expenses. General and administrative expenses include operating items such as officers’ salaries, personnel expenses, depreciation of fixed assets, office rental for sales, marketing and administrative divisions, a provision for doubtful accounts and amortization of intangible assets. |
Financial services expenses | Financial services expenses - Financial services expenses include a provision for policy reserves and amortization of deferred insurance acquisition costs, and all other operating costs, such as personnel expenses, depreciation of fixed assets, and office rental of subsidiaries, in the Financial Services segment. |
Advertising costs | Advertising costs - Advertising costs are expensed when the advertisement or commercial appears in the selected media. |
Shipping and handling costs | Shipping and handling costs - The majority of shipping and handling, warehousing and internal transfer costs for finished goods are included in selling, general and administrative expenses. An exception to this is in the Pictures segment where such costs are charged to cost of sales as they are an integral part of producing and distributing motion pictures and television programming. All other costs related to Sony’s distribution network are included in cost of sales, including inbound freight charges, purchasing and receiving costs, inspection costs and warehousing costs for raw materials and in-process |
Income taxes | Income taxes - The provision for income taxes is computed based on the pretax income included in the consolidated statements of income, and the tax liability attributed to undistributed earnings of subsidiaries and affiliated companies accounted for by the equity method expected to be remitted in the foreseeable future. The asset and liability approach is used to recognize deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. Carrying amounts of deferred tax assets require a reduction by a valuation allowance if, based on the available evidence, it is more likely than not that such assets will not be realized. Accordingly, the need to establish valuation allowances for deferred tax assets is assessed periodically with appropriate consideration given to all positive and negative evidence related to the realization of the deferred tax assets. Management’s judgments related to this assessment consider, among other matters, the nature, frequency and severity of current and cumulative losses on an individual tax jurisdiction basis, forecasts of future profitability after consideration of uncertain tax positions, excess of appreciated asset value over the tax basis of net assets, the duration of statutory carryforward periods, the past utilization of net operating loss carryforwards prior to expiration, as well as prudent and feasible tax planning strategies which would be employed by Sony to prevent net operating loss and tax credit carryforwards from expiring unutilized. Sony records assets and liabilities for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. Sony continues to recognize interest and penalties, if any, with respect to income taxes, including unrecognized tax benefits, as interest expense and as income tax expense, respectively, in the consolidated statements of income. The amount of income taxes Sony pays is subject to ongoing audits by various taxing authorities, which may result in proposed assessments. In addition, several significant items related to intercompany transfer pricing are currently the subject of negotiations between taxing authorities in different jurisdictions as a result of pending advance pricing agreement applications and competent authority requests. Sony’s estimate for the potential outcome for any uncertain tax issues is judgmental and requires significant estimates. Sony assesses its income tax positions and records tax benefits for all years subject to examinations based upon the evaluation of the facts, circumstances and information available at that reporting date. For those tax positions for which it is more likely than not that a tax benefit will be sustained, Sony records the amount that has a greater than 50% likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. If Sony does not believe that it is more likely than not that a tax benefit will be sustained, no tax benefit is recognized. However, Sony’s future results may include favorable or unfavorable adjustments to Sony’s estimated tax liabilities due to closure of income tax examinations, the outcome of negotiations between taxing authorities in different jurisdictions, new regulatory or judicial pronouncements or other relevant events. As a result, the amount of unrecognized tax benefits, and the effective tax rate, may fluctuate significantly. |
Net income (loss) attributable to Sony Corporation's stockholders per share ("EPS") | Net income (loss) attributable to Sony Corporation’s stockholders per share (“EPS”) - Basic EPS is computed based on the weighted-average number of shares of common stock outstanding during each period. The computation of diluted EPS reflects the maximum possible dilution from conversion, exercise, or contingent issuance of securities. All potentially dilutive securities are excluded from the calculation in a situation where there is a net loss attributable to Sony Corporation’s stockholders. |
Recently adopted accounting pronouncements | (2) Recently adopted accounting pronouncements Amendments to the consolidation analysis - In February 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-02 Customer’s accounting for fees paid in a cloud computing arrangement - In April 2015, the FASB issued ASU 2015-05 Balance sheet classification of deferred taxes - In November 2015, the FASB issued ASU 2015-17 |
Recent accounting pronouncements not yet adopted | (3) Recent accounting pronouncements not yet adopted Revenue from contracts with customers - In May 2014, the FASB issued ASU 2014-09 2015-14, 2014-09 2014-09. Recognition and measurement of financial assets and financial liabilities - In January 2016, the FASB issued ASU 2016-01 Leases - In February 2016, the FASB issued ASU 2016-02, Measurement of credit losses on financial instruments - In June 2016, the FASB issued ASU 2016-13, Intra-entity transfers of assets other than inventory - In October 2016, the FASB issued ASU 2016-16, income-tax Clarifying the definition of a business - In January 2017, the FASB issued ASU 2017-01 which clarifies the definition of a business. The ASU requires an entity first to determine whether substantially all of the fair value of a set of assets acquired is concentrated in either a single identifiable asset or a group of similar identifiable assets. If this criterion is met, the acquired set of assets is not deemed to be a business. If the criterion is not met, the entity then must evaluate whether the set of assets meets the requirement to be deemed a business. To be considered a business, the acquired set of assets would have to include an input and a substantive process that together significantly contribute to the ability to create outputs. This ASU will be effective for Sony as of the fiscal year beginning April 1, 2018, with early adoption permitted as of the fiscal year beginning April 1, 2017. The adoption of this ASU is not expected to have a material impact on Sony’s results of operations and financial position. Simplifying the test for goodwill impairment - In January 2017, the FASB issued ASU 2017-04 Presentation of net periodic pension and postretirement benefit costs - In March 2017, the FASB issued ASU 2017-07, Premium amortization on purchased callable debt securities - In March 2017, the FASB issued ASU 2017-08, which requires certain premiums on callable debt securities to be amortized to the earliest call date. The amortization period for callable debt securities purchased at a discount will not be affected. This ASU will be effective for Sony as of April 1, 2019. The effect of this ASU is being evaluated for the impact it will have on Sony’s results of operations and financial position. |
Reclassifications | (4) Reclassifications Certain reclassifications of the financial statements and accompanying footnotes for the fiscal years ended March 31, 2015 and 2016 have been made to conform to the presentation for the fiscal year ended March 31, 2017. |
Out-of-period adjustments | (5) Out-of-period For the fiscal year ended March 31, 2015, Sony recorded an out-of-period For the fiscal year ended March 31, 2016, Sony recorded an out-of-period |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Inventory Disclosure [Abstract] | |
Summary of Inventories | Inventories are comprised of the following: Yen in millions March 31 2016 2017 Finished products 448,273 399,850 Work in process 130,383 140,718 Raw materials, purchased components and supplies 104,490 100,267 Inventories 683,146 640,835 |
Film costs (Tables)
Film costs (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Other Industries [Abstract] | |
Summary of Film Costs | Film costs are comprised of the following: Yen in millions March 31 2016 2017 Motion picture productions: Released 75,218 80,539 Completed and not released 2,304 5,608 In production and development 95,268 94,197 Television productions: Released 88,538 120,693 In production and development 14,410 7,707 Broadcasting rights 62,589 65,725 Less: current portion of broadcasting rights included in inventories (37,099 ) (37,541 ) Film costs 301,228 336,928 |
Investments in affiliated com41
Investments in affiliated companies (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Summarized Combined Financial Information Provided by Equity Investees | The summarized combined financial information that is based on information provided by the equity investees including information for significant equity affiliates and the reconciliation of such information to the consolidated financial statements is shown below: Balance Sheets Yen in millions March 31 2016 2017 Current assets 367,465 361,492 Noncurrent assets 773,126 834,765 Current liabilities 245,731 248,450 Noncurrent liabilities and noncontrolling interests 709,134 761,546 Percentage of ownership in equity investees 20%-50 % 20%-50 % Statements of Income Yen in millions Fiscal year ended March 31 2015 2016 2017 Net revenues 308,399 358,256 387,229 Operating income 34,962 32,884 37,800 Net income (loss) attributable to controlling interests (5,461 ) 8,388 11,529 Percentage of ownership in equity investees 20%-50 % 20%-50 % 20%-50 % |
Account Balances and Transactions with Affiliated Companies Accounted for under Equity Method | Account balances and transactions with affiliated companies accounted for under the equity method are presented below. There are no other material transactions or account balances with any other related parties. Yen in millions March 31 2016 2017 Accounts receivable, trade 9,740 10,873 Accounts payable, trade 2,044 2,525 Capital lease obligations 21,025 10,105 Yen in millions Fiscal year ended March 31 2015 2016 2017 Sales 29,393 33,569 31,238 Purchases 1,498 2,259 1,966 Lease payments 36,642 32,291 16,492 |
Transfer of financial assets (T
Transfer of financial assets (Tables) - U.S. Subsidiary | 12 Months Ended |
Mar. 31, 2017 | |
Electronics Business | |
Trade Receivables Sold, Deferred Proceeds from Sales and Collections of Deferred Proceeds | Total trade receivables sold, deferred proceeds from those sales and collections of deferred proceeds during the fiscal years ended March 31, 2015, 2016 and 2017 were as follows: Yen in millions Fiscal year ended March 31 2015 2016 2017 Total trade receivables sold 50,400 — — Deferred proceeds 16,150 — — Collections of deferred proceeds 22,512 — — |
Pictures | |
Trade Receivables Sold, Deferred Proceeds from Sales and Collections of Deferred Proceeds | Total trade receivables sold, deferred proceeds from those sales and collections of deferred proceeds during the fiscal years ended March 31, 2015, 2016 and 2017 were as follows: Yen in millions Fiscal year ended March 31 2015 2016 2017 Total trade receivables sold 4,237 2,918 238 Deferred proceeds 4,237 2,918 238 Collections of deferred proceeds — 2,298 1,202 |
Marketable securities and sec43
Marketable securities and securities investments (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Investments, Debt and Equity Securities [Abstract] | |
Aggregate Cost, Gross Unrealized Gains and Losses and Fair Value Pertaining to Available-for-Sale Securities and Held-to-Maturity Securities | Marketable securities and securities investments, primarily included in the Financial Services segment, are comprised of debt and equity securities for which the aggregate cost, gross unrealized gains and losses and fair value pertaining to available-for-sale held-to-maturity Yen in millions March 31, 2016 March 31, 2017 Cost Gross Gross Fair value Cost Gross Gross Fair value Available-for-sale: Debt securities: Japanese national government bonds 1,136,478 218,863 (6 ) 1,355,335 1,161,493 182,836 (928 ) 1,343,401 Japanese local government bonds 60,707 86 (254 ) 60,539 60,450 144 (63 ) 60,531 Japanese corporate bonds 132,739 11,472 (230 ) 143,981 163,785 7,864 (1,846 ) 169,803 Foreign government bonds 35,896 5,724 (160 ) 41,460 27,601 359 (918 ) 27,042 Foreign corporate bonds 415,994 5,738 (3,185 ) 418,547 396,097 4,168 (719 ) 399,546 Other 884 0 — 884 15,192 — (0 ) 15,192 1,782,698 241,883 (3,835 ) 2,020,746 1,824,618 195,371 (4,474 ) 2,015,515 Equity securities 44,752 70,590 (21 ) 115,321 55,928 69,937 (377 ) 125,488 Held-to-maturity Japanese national government bonds 5,353,080 2,020,621 — 7,373,701 5,661,191 1,520,904 (30,553 ) 7,151,542 Japanese local government bonds 4,480 522 — 5,002 4,101 449 — 4,550 Japanese corporate bonds 61,811 17,382 — 79,193 230,011 12,346 (22,071 ) 220,286 Foreign government bonds 42,934 10,631 — 53,565 253,019 5,269 (22,868 ) 235,420 Foreign corporate bonds 198 24 — 222 198 18 — 216 5,462,503 2,049,180 — 7,511,683 6,148,520 1,538,986 (75,492 ) 7,612,014 Total 7,289,953 2,361,653 (3,856 ) 9,647,750 8,029,066 1,804,294 (80,343 ) 9,753,017 |
Cost and Fair Value of Debt Securities Classified as Available-for-Sale Securities and Held-to-Maturity Securities by Contractual Maturity | The following table presents the cost and fair value of debt securities classified as available-for-sale held-to-maturity Yen in millions March 31, 2017 Available-for-sale Held-to-maturity Cost Fair value Cost Fair value Due in one year or less 139,341 135,351 6,972 7,058 Due after one year through five years 411,540 416,016 19,916 20,761 Due after five years through ten years 283,286 318,272 337,696 390,072 Due after ten years 990,451 1,145,876 5,783,936 7,194,123 Total 1,824,618 2,015,515 6,148,520 7,612,014 |
Gross Unrealized Losses and Fair Value of Securities with Unrealized Losses, Aggregated by Investment Category and Length of Time in Continuous Unrealized Loss Position | The following tables present the gross unrealized losses on, and fair value of, Sony’s investment securities with unrealized losses, aggregated by investment category and the length of time that individual investment securities have been in a continuous unrealized loss position, at March 31, 2016 and 2017. Yen in millions March 31, 2016 Less than 12 months 12 months or more Total Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses Available-for-sale: Debt securities: Japanese national government bonds 2,056 (6 ) — — 2,056 (6 ) Japanese local government bonds 38,383 (223 ) 2,929 (31 ) 41,312 (254 ) Japanese corporate bonds 41,206 (201 ) 3,125 (29 ) 44,331 (230 ) Foreign government bonds 5,882 (147 ) 1,140 (13 ) 7,022 (160 ) Foreign corporate bonds 127,369 (2,535 ) 30,919 (650 ) 158,288 (3,185 ) 214,896 (3,112 ) 38,113 (723 ) 253,009 (3,835 ) Equity securities 166 (10 ) 10 (11 ) 176 (21 ) Total 215,062 (3,122 ) 38,123 (734 ) 253,185 (3,856 ) Yen in millions March 31, 2017 Less than 12 months 12 months or more Total Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses Available-for-sale: Debt securities: Japanese national government bonds 52,825 (909 ) 2,018 (19 ) 54,843 (928 ) Japanese local government bonds 3,793 (6 ) 14,270 (57 ) 18,063 (63 ) Japanese corporate bonds 53,302 (1,761 ) 20,489 (85 ) 73,791 (1,846 ) Foreign government bonds 10,258 (577 ) 7,792 (341 ) 18,050 (918 ) Foreign corporate bonds 27,944 (143 ) 24,662 (576 ) 52,606 (719 ) 148,122 (3,396 ) 69,231 (1,078 ) 217,353 (4,474 ) Equity securities 11,878 (370 ) 9 (7 ) 11,887 (377 ) Held-to-maturity Japanese national government bonds 277,328 (30,553 ) — — 277,328 (30,553 ) Japanese local government bonds — — — — — — Japanese corporate bonds 146,004 (22,071 ) — — 146,004 (22,071 ) Foreign government bonds 196,740 (22,868 ) — — 196,740 (22,868 ) Foreign corporate bonds — — — — — — 620,072 (75,492 ) — — 620,072 (75,492 ) Total 780,072 (79,258 ) 69,240 (1,085 ) 849,312 (80,343 ) |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Leases [Abstract] | |
Leased Assets under Capital Leases | Leased assets under capital leases are comprised of the following: Yen in millions March 31 Class of property 2016 2017 Machinery, equipment and others 123,816 66,722 Film costs 6,696 4,943 Accumulated amortization (96,270 ) (53,330 ) 34,242 18,335 |
Future Minimum Lease Payments under Capital Leases with Present Value of Net Minimum Lease Payments | The following is a schedule by fiscal year of the future minimum lease payments under capital leases together with the present value of the net minimum lease payments as of March 31, 2017: Fiscal year ending March 31 Yen in millions 2018 7,686 2019 6,765 2020 6,039 2021 5,095 2022 2,857 Later fiscal years 5,098 Total minimum lease payments 33,540 Less — Amount representing interest 2,310 Present value of net minimum lease payments 31,230 Less — Current obligations 7,344 Long-term capital lease obligations 23,886 |
Minimum Rental Payments Required under Operating Leases that have Initial or Remaining Noncancelable Lease Terms in Excess of One Year | The minimum rental payments required under operating leases that have initial or remaining noncancelable lease terms in excess of one year at March 31, 2017 are as follows: Fiscal year ending March 31 Yen in millions 2018 54,727 2019 37,464 2020 46,378 2021 23,647 2022 19,044 Later fiscal years 87,260 Total minimum future rentals 268,520 |
Goodwill and intangible assets
Goodwill and intangible assets (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Acquired Intangible Assets and Weighted-Average Amortization Period | Intangible assets acquired during the fiscal year ended March 31, 2017 totaled 109,726 million yen, of which 109,492 million yen is subject to amortization, and are comprised of the following: Intangible assets acquired during the fiscal year Weighted-average Yen in millions Years Patent rights, know-how 4,417 7 Software to be sold, leased or otherwise marketed 17,004 3 Internal-use 58,097 5 Other 29,974 11 |
Intangible Assets Subject to Amortization | Intangible assets subject to amortization are comprised of the following: Yen in millions March 31, 2016 March 31, 2017 Gross carrying Accumulated Gross carrying Accumulated amortization Patent rights, know-how 337,675 (223,738 ) 317,337 (251,401 ) Customer relationships 36,925 (12,531 ) 37,289 (15,585 ) Trademarks 29,825 (12,979 ) 31,630 (15,554 ) Software to be sold, leased or otherwise marketed 126,743 (94,009 ) 117,897 (86,661 ) Internal-use 448,109 (297,057 ) 473,750 (310,408 ) Music catalogs 217,056 (91,303 ) 218,321 (95,367 ) Artist contracts 31,923 (28,857 ) 31,393 (29,001 ) Television carriage contracts (broadcasting agreements) 59,607 (15,563 ) 74,780 (21,986 ) Other 59,218 (47,475 ) 62,212 (46,624 ) Total 1,347,081 (823,512 ) 1,364,609 (872,587 ) |
Estimated Aggregate Amortization Expense for Intangible Assets | The estimated aggregate amortization expense for intangible assets for the next five fiscal years is as follows: Fiscal year ending March 31 Yen in millions 2018 104,291 2019 74,247 2020 56,934 2021 42,996 2022 30,253 |
Total Carrying Amount of Intangible Assets having Indefinite Life | Total carrying amount of intangible assets having an indefinite life are comprised of the following: Yen in millions March 31 2016 2017 Trademarks 70,081 70,220 Distribution agreements 18,834 18,834 Other 3,270 3,109 Total 92,185 92,163 |
Changes in Carrying Amount of Goodwill by Segment | The changes in the carrying amount of goodwill by segment for the fiscal years ended March 31, 2016 and 2017 are as follows: Yen in millions MC G&NS IP&S HE&S Semiconductors Components Pictures Music Financial All Other Total Balance, March 31, 2015: Goodwill — gross 179,331 154,399 7,186 5,320 33,006 4,756 224,239 132,675 3,020 24,386 768,318 Accumulated impairments (176,045 ) — (300 ) (5,320 ) — — — (306 ) (706 ) (24,386 ) (207,063 ) Goodwill 3,286 154,399 6,886 — 33,006 4,756 224,239 132,369 2,314 — 561,255 Increase (decrease) due to: Acquisitions *1 — — 1,589 — 18,035 2,599 12,082 38,487 — — 72,792 Sales and dispositions — — — — — — — — — — — Impairments — — — — — — — — — — — Translation adjustments — (2,106 ) (138 ) — (1,420 ) (205 ) (14,804 ) (9,084 ) — — (27,757 ) Other — — — — — — — — — — — Balance, March 31, 2016: Goodwill — gross 179,331 152,293 8,637 5,320 49,621 7,150 221,517 162,078 3,020 24,386 813,353 Accumulated impairments (176,045 ) — (300 ) (5,320 ) — — — (306 ) (706 ) (24,386 ) (207,063 ) Goodwill 3,286 152,293 8,337 — 49,621 7,150 221,517 161,772 2,314 — 606,290 Increase (decrease) due to: Acquisitions *2 — — — — — — 29,363 7,689 61 — 37,113 Sales and dispositions — — — — — — (60 ) — — — (60 ) Impairments — — — — — — (112,069 ) — — — (112,069 ) Translation adjustments — (355 ) (186 ) — (77 ) (11 ) (598 ) (3,351 ) — — (4,578 ) Other — — — — (1,475 ) (2,683 ) — — — — (4,158 ) Balance, March 31, 2017: Goodwill — gross 179,331 151,938 8,451 5,320 48,069 4,456 246,085 166,416 3,081 24,386 837,533 Accumulated impairments (176,045 ) — (300 ) (5,320 ) — — (107,932 ) (306 ) (706 ) (24,386 ) (314,995 ) Goodwill 3,286 151,938 8,151 — 48,069 4,456 138,153 166,110 2,375 — 522,538 *1 Acquisitions for the fiscal year ended March 31, 2016 relate mainly to the Altair Semiconductor Ltd. (“Altair”) acquisition in the Semiconductors segment and the Components segment, and the Orchard Media, Inc. (“The Orchard”) acquisition in the Music segment. Refer to Note 24. *2 Acquisitions for the fiscal year ended March 31, 2017 relate mainly to the TEN Sports Network acquisition in the Pictures segment. Refer to Note 24. |
Insurance-related accounts (Tab
Insurance-related accounts (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Insurance [Abstract] | |
Policyholders' Account in Life Insurance Business | Policyholders’ account in the life insurance business is comprised of the following: Yen in millions March 31 2016 2017 Universal life insurance 1,634,642 1,809,142 Investment contracts 638,737 686,182 Other 127,941 135,749 Total 2,401,320 2,631,073 |
Short-term borrowings and lon47
Short-term borrowings and long-term debt (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Debt Disclosure [Abstract] | |
Short-Term Borrowings | Short-term borrowings are comprised of the following: Yen in millions March 31 2016 2017 Unsecured loans: with a weighted-average interest rate of 7.70% with a weighted-average interest rate of 7.29% 86,467 64,046 Secured loans: with a weighted-average interest rate of 0.00% 20,000 Repurchase agreement: with a weighted-average interest rate of 0.01% 62,805 with a weighted-average interest rate of 0.01% 310,609 Secured call money: with a weighted-average interest rate of (0.08)% 70,000 149,272 464,655 |
Long-Term Debt | Long-term debt is comprised of the following: Yen in millions March 31 2016 2017 Unsecured loans, representing obligations principally to banks: Due 2016 to 2024, with interest rates ranging from 0.27% to 5.47% per annum 237,850 Due 2017 to 2024, with interest rates ranging from 0.24% to 5.10% per annum 63,248 Unsecured 0.55% bonds, due 2016 10,000 Unsecured 0.66% bonds, due 2017 45,000 Unsecured 0.43% bonds, due 2018 10,000 10,000 Unsecured 0.86% bonds, due 2018 150,000 150,000 Unsecured 2.00% bonds, due 2018 16,300 16,300 Unsecured 0.05% bonds, due 2019 69,793 Unsecured 2.07% bonds, due 2019 50,000 50,000 Unsecured 0.23% bonds, due 2021 89,670 Unsecured 1.41% bonds, due 2022 10,000 10,000 Unsecured 0.28% bonds, due 2023 15,000 Unsecured 0.42% bonds, due 2026 24,887 Unsecured zero coupon convertible bonds, due 2022 120,000 120,000 Secured 0.10% loans, due 2016 to 2019 40,000 Secured 0.00% loans, due 2019 to 2020 70,000 Capital lease obligations and other: Due 2016 to 2024, with interest rates ranging from 0.36% to 9.99% per annum 43,248 Due 2017 to 2027, with interest rates ranging from 0.36% to 8.90% per annum 34,224 Guarantee deposits received 11,875 11,764 744,273 734,886 Less — Portion due within one year 187,668 53,424 556,605 681,462 |
Aggregate Amounts of Annual Maturities of Long-Term Debt | Aggregate amounts of annual maturities of long-term debt are as follows: Fiscal year ending March 31 Yen in millions 2017 53,424 2018 203,639 2019 145,667 2020 55,000 2021 102,517 Later fiscal years 174,639 Total 734,886 |
Housing loans and deposits fr48
Housing loans and deposits from customers in the banking business (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Banking and Thrift [Abstract] | |
Aggregate Amounts of Annual Maturities of Time Deposits with Remaining Term of More Than One Year | At March 31, 2017, aggregate amounts of annual maturities of time deposits with a remaining term of more than one year are as follows: Fiscal year ending March 31 Yen in millions 2019 59,777 2020 15,411 2021 13,443 2022 9,390 2023 10,619 Later fiscal years 18,771 Total 127,411 |
Fair value measurements (Tables
Fair value measurements (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Assets and Liabilities Measured on Recurring Basis | The fair value of Sony’s assets and liabilities that are measured at fair value on a recurring basis at March 31, 2016 and 2017 are as follows: Yen in millions March 31, 2016 Presentation in the consolidated balance sheets Level 1 Level 2 Level 3 Total Marketable Securities investments and other Other Liabilities Other Liabilities Assets: Trading securities 501,448 297,793 — 799,241 799,241 — — — Available-for-sale Debt securities Japanese national government bonds — 1,355,335 — 1,355,335 5,084 1,350,251 — — Japanese local government bonds — 60,539 — 60,539 6,515 54,024 — — Japanese corporate bonds — 140,635 3,346 143,981 5,727 138,254 — — Foreign government bonds — 41,460 — 41,460 2,309 39,151 — — Foreign corporate bonds — 402,694 15,853 418,547 124,680 293,867 — — Other — — 884 884 — 884 — — Equity securities 115,200 121 — 115,321 — 115,321 — — Other investments *1 7,179 4,027 13,463 24,669 — 24,669 — — Derivative assets *2 437 17,391 — 17,828 — — 17,257 571 Total assets 624,264 2,319,995 33,546 2,977,805 943,556 2,016,421 17,257 571 Liabilities: Derivative liabilities *2 668 48,467 — 49,135 — — 20,680 28,455 Total liabilities 668 48,467 — 49,135 — — 20,680 28,455 Yen in millions March 31, 2017 Presentation in the consolidated balance sheets Level 1 Level 2 Level 3 Total Marketable Securities Other Liabilities Other Liabilities Assets: Trading securities 611,108 310,212 — 921,320 921,320 — — — Available-for-sale Debt securities Japanese national government bonds — 1,343,401 — 1,343,401 18,483 1,324,918 — — Japanese local government bonds — 60,531 — 60,531 8,518 52,013 — — Japanese corporate bonds — 168,493 1,310 169,803 8,433 161,370 — — Foreign government bonds *3 — 27,042 — 27,042 1,007 26,035 — — Foreign corporate bonds *4 — 358,369 41,177 399,546 86,708 312,838 — — Other *5 — — 15,192 15,192 — 15,192 — — Equity securities 125,306 182 — 125,488 — 125,488 — — Other investments *1 6,589 4,525 10,483 21,597 — 21,597 — — Derivative assets *2 981 26,279 — 27,260 — — 25,409 1,851 Total assets 743,984 2,299,034 68,162 3,111,180 1,044,469 2,039,451 25,409 1,851 Liabilities: Derivative liabilities *2 520 33,930 — 34,450 — — 15,743 18,707 Total liabilities 520 33,930 — 34,450 — — 15,743 18,707 *1 Other investments include certain hybrid financial instruments and certain private equity investments. *2 Derivative assets and liabilities are recognized and disclosed on a gross basis. *3 2,215 million yen are included in foreign securities for which the fair value option has been elected and classified in level 2 and are included in the consolidated balance sheets as securities investments and other. *4 165,236 million yen are included in foreign securities for which the fair value option has been elected and classified in level 2. 32,167 million yen are included in the consolidated balance sheets as marketable securities and 133,069 million yen are included in the consolidated balance sheets as securities investments and other. *5 14,619 million yen are included in foreign securities for which the fair value option has been elected and classified in level 3 and are included in the consolidated balance sheets as securities investments and other. *6 Gains (losses) of 502 million yen arising from financial instruments for which the fair value option has been elected are included in financial services revenue in the consolidated statements of income. |
Changes in Fair Value of Level Three Assets and Liabilities | The changes in fair value of level 3 assets and liabilities for the fiscal years ended March 31, 2016 and 2017 are as follows: Yen in millions Fiscal year ended March 31, 2016 Assets Available-for-sale Debt securities Japanese Foreign Other Other Investments Beginning balance 3,506 9,491 — 74,641 Total realized and unrealized gains (losses): Included in earnings *1 6 458 — (2,653 ) Included in other comprehensive income (loss) *2 30 (791 ) — (2,316 ) Purchases 2,798 11,214 1,000 657 Sales (3,000 ) (4,872 ) — — Settlements — (641 ) (116 ) (56,866 ) Transfers into level 3 *3 2,002 1,498 — — Transfers out of level 3 *4 (1,996 ) (504 ) — — Ending balance 3,346 15,853 884 13,463 Changes in unrealized losses relating to instruments still held at reporting date: Included in earnings *1 — (56 ) — (2,653 ) Yen in millions Fiscal year ended March 31, 2017 Assets Available-for-sale Debt securities Japanese Foreign Other Other Investments Beginning balance 3,346 15,853 884 13,463 Total realized and unrealized gains (losses): Included in earnings *1 — 1,091 514 328 Included in other comprehensive income (loss) *2 (20 ) (84 ) (1 ) (2,416 ) Purchases — 35,335 14,026 247 Sales — — — — Settlements — (10,021 ) (231 ) (1,139 ) Transfers into level 3 *3 — 1,008 — — Transfers out of level 3 *4 (2,016 ) (2,005 ) — — Ending balance 1,310 41,177 15,192 10,483 Changes in unrealized gains (losses) relating to instruments still held at reporting date: Included in earnings *1 — 11 79 (27 ) *1 Earning effects are included in financial services revenue in the consolidated statements of income. *2 Unrealized gains (losses) are included in unrealized gains (losses) on securities in the consolidated statements of comprehensive income. *3 Certain corporate bonds were transferred into level 3 because differences between the fair value determined by indicative quotes from dealers and the fair value determined by internally developed prices became significant and the observability of the inputs used decreased. *4 Certain corporate bonds were transferred out of level 3 because quoted prices became available. |
Assets and Liabilities Remeasured at Fair Value on a Nonrecurring Basis | During the fiscal years ended March 31, 2016 and 2017, such remeasurements to fair value related primarily to the following: During the fiscal year ended March 31, 2016 Estimated fair value Amounts Level 1 Level 2 Level 3 Assets: Long-lived assets impairments — — 19,680 (92,544 ) (92,544 ) During the fiscal year ended March 31, 2017 Estimated fair value Amounts Level 1 Level 2 Level 3 Assets: Long-lived assets impairments — — 72 (39,137 ) Goodwill impairments — — 0 (112,069 ) (151,206 ) |
Estimated Fair Values by Fair Value Hierarchy Level of Certain Financial Instruments not Reported at Fair Value | The estimated fair values by fair value hierarchy level of certain financial instruments that are not reported at fair value are summarized as follows: Yen in millions March 31, 2016 Estimated fair value Carrying Level 1 Level 2 Level 3 Total Total Assets: Housing loans in the banking business — 1,369,157 — 1,369,157 1,235,311 Total assets — 1,369,157 — 1,369,157 1,235,311 Liabilities: Long-term debt including the current portion — 755,631 — 755,631 744,273 Investment contracts included in policyholders’ account in the life insurance business — 677,375 — 677,375 638,737 Total liabilities — 1,433,006 — 1,433,006 1,383,010 Yen in millions March 31, 2017 Estimated fair value Carrying Level 1 Level 2 Level 3 Total Total Assets: Housing loans in the banking business — 1,603,784 — 1,603,784 1,449,790 Total assets — 1,603,784 — 1,603,784 1,449,790 Liabilities: Long-term debt including the current portion — 745,599 — 745,599 734,886 Investment contracts included in policyholders’ account in the life insurance business — 710,191 — 710,191 686,182 Total liabilities — 1,455,790 — 1,455,790 1,421,068 |
Derivative instruments and he50
Derivative instruments and hedging activities (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Estimated Fair Values by Fair Value Hierarchy Level of Certain Financial Instruments not Reported at Fair Value | The estimated fair values of Sony’s outstanding derivative instruments are summarized as follows: Derivatives designated as Yen in millions Balance sheet location Fair value Balance sheet location Fair value March 31 March 31 Asset derivatives 2016 2017 Liability derivatives 2016 2017 Interest rate contracts Prepaid expenses and other current assets 16 43 Current liabilities: Other 665 497 Interest rate contracts Other assets: Other 33 95 Liabilities: Other 22,605 13,713 Foreign exchange contracts Prepaid expenses and other current assets 1 — Current liabilities: Other — 31 50 138 23,270 14,241 Derivatives not designated as Yen in millions Balance sheet location Fair value Balance sheet location Fair value March 31 March 31 Asset derivatives 2016 2017 Liability derivatives 2016 2017 Interest rate contracts Prepaid expenses and other current assets — 3 Current liabilities: Other 38 221 Interest rate contracts Other assets: Other 538 1,599 Liabilities: Other 5,850 4,374 Foreign exchange contracts Prepaid expenses and other current assets 16,803 24,382 Current liabilities: Other 19,309 14,475 Foreign exchange contracts Other assets: Other — 157 Liabilities: Other — 620 Equity contracts Prepaid expenses and other current assets 437 981 Current liabilities: Other 668 519 17,778 27,122 25,865 20,209 Total derivatives 17,828 27,260 49,135 34,450 |
Effects of Derivative Instruments on Consolidated Statements of Income | Presented below are the effects of derivative instruments on the consolidated statements of income for the fiscal years ended March 31, 2015, 2016 and 2017. Derivatives under fair value Yen in millions Location of gain or (loss) recognized in Amount of gain or (loss) recognized Fiscal year ended March 31 2015 2016 2017 Interest rate contracts Financial services revenue (8,271 ) (8,300 ) 1,967 Foreign exchange contracts Foreign exchange loss, net (9 ) 3 (31 ) Total (8,280 ) (8,297 ) 1,936 Yen in millions Derivatives under cash flow Location of gain or (loss) recognized in Fiscal year ended March 31 2015 2016 2017 Amount of gain or (loss) Foreign exchange contracts — — 1,914 6,715 Total — 1,914 6,715 Amount of gain or (loss) reclassified Foreign exchange contracts Foreign exchange loss, net — (8 ) — Foreign exchange contracts Cost of sales — (3,104 ) (5,583 ) Total — (3,112 ) (5,583 ) Derivatives not designated as Yen in millions Location of gain or (loss) recognized Amount of gain or (loss) recognized Fiscal year ended March 31 2015 2016 2017 Interest rate contracts Financial services revenue (3,579 ) (5,499 ) (935 ) Interest rate contracts Foreign exchange loss, net 883 — — Foreign exchange contracts Financial services revenue (1,942 ) 4,166 (5,365 ) Foreign exchange contracts Foreign exchange loss, net 13,375 (14,501 ) 12,339 Equity contracts Financial services revenue (2,725 ) 3,267 (18,597 ) Total 6,012 (12,567 ) (12,558 ) |
Summary of Derivatives Additional Information Including Notional Amounts | The following table summarizes additional information, including notional amounts, for each type of derivative: Yen in millions March 31, 2016 March 31, 2017 Notional Fair Notional Fair Foreign exchange contracts: Foreign exchange forward contracts 1,030,020 (5,118 ) 1,062,933 3,011 Currency option contracts purchased 211 2 212 1 Currency option contracts written 210 (2 ) 214 (1 ) Currency swap agreements 729,632 (99 ) 1,439,395 4,074 Other currency contracts 75,157 2,712 64,944 2,328 Interest rate contracts: Interest rate swap agreements 436,739 (28,571 ) 415,719 (17,065 ) Equity contracts: Equity future contracts 72,794 (231 ) 96,016 462 |
Summary of Effects of Offsetting Derivative Assets, Derivative Liabilities, Financial Assets and Financial Liabilities | Presented below are the effects of offsetting derivative assets, derivative liabilities, financial assets and financial liabilities as of March 31, 2016 and 2017. Yen in millions As of March 31, 2016 Gross amounts Gross amounts not offset in the Financial Cash collateral Net amounts Derivative assets subject to master netting agreements 10,251 6,990 312 2,949 Derivative assets not subject to master netting agreements 7,577 7,577 Total assets 17,828 6,990 312 10,526 Derivative liabilities subject to master netting agreements 46,328 28,527 8,269 9,532 Derivative liabilities not subject to master netting agreements 2,807 2,807 Repurchase, securities lending and similar arrangements 62,805 61,864 — 941 Total liabilities 111,940 90,391 8,269 13,280 Yen in millions As of March 31, 2017 Gross amounts Gross amounts not offset in the Financial Cash collateral Net amounts Derivative assets subject to master netting agreements 11,554 6,584 277 4,693 Derivative assets not subject to master netting agreements 15,706 15,706 Total assets 27,260 6,584 277 20,399 Derivative liabilities subject to master netting agreements 33,261 6,644 18,631 7,986 Derivative liabilities not subject to master netting agreements 1,189 1,189 Repurchase, securities lending and similar arrangements 310,609 309,987 — 622 Total liabilities 345,059 316,631 18,631 9,797 |
Pension and severance plans (Ta
Pension and severance plans (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Compensation and Retirement Disclosure [Abstract] | |
Components of Net Periodic Benefit Costs | The components of net periodic benefit costs for the fiscal years ended March 31, 2015, 2016 and 2017 were as follows: Japanese plans: Yen in millions Fiscal year ended March 31 2015 2016 2017 Service cost 24,350 24,670 26,811 Interest cost 11,583 8,689 5,912 Expected return on plan assets (19,252 ) (20,853 ) (17,829 ) Recognized actuarial loss 9,867 8,588 20,436 Amortization of prior service costs (9,614 ) (9,489 ) (9,490 ) Net periodic benefit costs 16,934 11,605 25,840 Foreign plans: Yen in millions Fiscal year ended March 31 2015 2016 2017 Service cost 3,188 3,504 2,958 Interest cost 13,040 12,096 10,426 Expected return on plan assets (12,993 ) (14,117 ) (11,000 ) Amortization of net transition asset 10 10 9 Recognized actuarial loss 2,991 4,236 2,552 Amortization of prior service costs (639 ) (478 ) (463 ) Losses on curtailments and settlements 31 354 43 Net periodic benefit costs 5,628 5,605 4,525 |
Changes in Benefit Obligation and Plan Assets as well as Funded Status and Composition of Amounts Recognized in Consolidated Balance Sheets | The changes in the benefit obligation and plan assets as well as the funded status and composition of amounts recognized in the consolidated balance sheets were as follows: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2016 2017 2016 2017 Change in benefit obligation: Benefit obligation at beginning of the fiscal year 890,415 1,034,284 394,704 356,875 Service cost 24,670 26,811 3,504 2,958 Interest cost 8,689 5,912 12,096 10,426 Plan participants’ contributions — — 676 490 Actuarial (gain) loss * 144,416 (33,333 ) (21,868 ) 20,045 Foreign currency exchange rate changes — — (16,893 ) (23,183 ) Curtailments and settlements — — (1,246 ) (1,507 ) Other (14 ) (5 ) — — Benefits paid (33,892 ) (28,993 ) (14,098 ) (13,662 ) Benefit obligation at end of the fiscal year 1,034,284 1,004,676 356,875 352,442 Change in plan assets: Fair value of plan assets at beginning of the fiscal year 710,602 679,432 280,216 256,341 Actual return on plan assets (9,030 ) 35,508 (6,035 ) 29,346 Foreign currency exchange rate changes — — (13,095 ) (20,004 ) Employer contribution 1,951 6,640 7,905 6,738 Plan participants’ contributions — — 676 490 Curtailments and settlements — — (504 ) (1,161 ) Benefits paid (24,091 ) (22,572 ) (12,822 ) (12,573 ) Fair value of plan assets at end of the fiscal year 679,432 699,008 256,341 259,177 Funded status at end of the fiscal year (354,852 ) (305,668 ) (100,534 ) (93,265 ) * Actuarial loss in Japanese plans for the fiscal year ended March 31, 2016 principally relates to changes in the assumptions for discount and mortality rates. |
Amounts Recognized in Consolidated Balance Sheets | Amounts recognized in the consolidated balance sheets consist of: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2016 2017 2016 2017 Noncurrent assets 2,217 2,753 7,102 6,251 Current liabilities — — (2,892 ) (3,114 ) Noncurrent liabilities (357,069 ) (308,421 ) (104,744 ) (96,402 ) Ending balance (354,852 ) (305,668 ) (100,534 ) (93,265 ) |
Amounts Recognized in Accumulated Other Comprehensive Income, Excluding Tax Effect | Amounts recognized in accumulated other comprehensive income, excluding tax effects, consist of: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2016 2017 2016 2017 Prior service cost (credit) (34,905 ) (25,415 ) (1,443 ) (1,034 ) Net actuarial loss 389,302 317,397 82,850 78,548 Obligation existing at transition — — 7 (3 ) Ending balance 354,397 291,982 81,414 77,511 |
Accumulated Benefit Obligations for All Defined Benefit Pension Plans | The accumulated benefit obligations for all defined benefit pension plans were as follows: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2016 2017 2016 2017 Accumulated benefit obligations 1,028,690 998,501 331,975 329,989 |
Projected Benefit Obligations, Accumulated Benefit Obligations and Fair Value of Plan Assets for Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets | The projected benefit obligations, the accumulated benefit obligations and fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets were as follows: Japanese plans Foreign plans Yen in millions Yen in millions March 31 March 31 2016 2017 2016 2017 Projected benefit obligations 1,022,373 992,052 292,171 291,413 Accumulated benefit obligations 1,018,228 987,428 286,705 287,491 Fair value of plan assets 666,753 685,183 202,913 207,406 |
Weighted-Average Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Costs | Weighted-average assumptions used to determine benefit obligations as of March 31, 2016 and 2017 were as follows: Japanese plans Foreign plans March 31 March 31 2016 2017 2016 2017 Discount rate 0.6 % 0.9 % 3.2 % 3.1 % Rate of compensation increase * * 2.8 2.4 * Substantially all of Sony’s Japanese pension plans were point-based. Point-based plans do not incorporate a measure of compensation rate increases. Weighted-average assumptions used to determine the net periodic benefit costs for the fiscal years ended March 31, 2015, 2016 and 2017 were as follows: Japanese plans Foreign plans Fiscal year ended March 31 Fiscal year ended March 31 2015 2016 2017 2015 2016 2017 Discount rate 1.4 % 1.0 % 0.6 % 4.1 % 3.1 % 3.2 % Expected return on plan assets 3.0 3.0 2.7 5.6 4.8 4.8 Rate of compensation increase * * * 3.1 2.9 2.8 * Substantially all of Sony’s Japanese pension plans were point-based. Point-based plans do not incorporate a measure of compensation rate increases. |
Fair Values of Assets Held by Japanese and Foreign Plans | The fair values of the assets held by Japanese and foreign plans, which are classified in accordance with the fair value hierarchy described in Note 2, are as follows: Japanese plans Yen in millions Fair value at March 31, 2016 Fair value measurements using inputs considered as Asset class Level 1 Level 2 Level 3 Cash and cash equivalents 17,985 17,985 — — Equity: Equity securities *1 148,658 144,597 4,061 — Fixed income: Government bonds *2 218,851 — 218,851 — Corporate bonds *3 56,779 — 56,779 — Asset-backed securities *4 1,148 — 1,148 — Commingled funds *5 115,902 — 115,902 — Commodity funds *6 20,547 — 20,547 — Private equity *7 31,852 — — 31,852 Hedge funds *8 60,395 — — 60,395 Real estate *9 7,315 — — 7,315 Total 679,432 162,582 417,288 99,562 Japanese plans Yen in millions Fair value at March 31, 2017 Fair value measurements using inputs considered as Asset class Level 1 Level 2 Level 3 Cash and cash equivalents 7,976 7,976 — — Equity: Equity securities *1 157,012 152,852 4,160 — Fixed income: Government bonds *2 206,632 — 206,632 — Corporate bonds *3 75,971 — 75,971 — Asset-backed securities *4 1,105 — 1,105 — Commingled funds *5 122,264 — 122,264 — Commodity funds *6 21,098 — 21,098 — Private equity *7 21,790 — — 21,790 Hedge funds *8 67,235 — — 67,235 Real estate and other *9 17,925 — — 17,925 Total 699,008 160,828 431,230 106,950 *1 Includes approximately 48 percent of Japanese equity securities, and 52 percent of foreign equity securities for both the fiscal years ended March 31, 2016 and 2017. *2 Includes approximately 51 percent and 46 percent of debt securities issued by Japanese national and local governments, and 49 percent and 54 percent of debt securities issued by foreign national and local governments for the fiscal years ended March 31, 2016 and 2017, respectively. *3 Includes debt securities issued by Japanese and foreign corporation and government related agencies. *4 Includes primarily mortgage-backed securities. *5 Commingled funds represent pooled institutional investments, including primarily investment trusts. They include approximately 44 percent and 48 percent of investments in equity, 54 percent and 51 percent of investments in fixed income, and 1 percent and 1 percent of investments in other for the fiscal years ended March 31, 2016 and 2017, respectively. *6 Represents commodity futures funds. *7 Includes multiple private equity funds of funds that primarily invest in venture, buyout, and distressed markets in the U.S. and Europe. *8 Includes primarily funds that invest in a portfolio of a broad range of hedge funds to diversify the risks and reduce the volatilities associated with a single hedge fund. *9 Includes primarily private real estate investment trusts. Foreign plans Yen in millions Fair value at March 31, 2016 Fair value measurements using inputs considered as Asset class Level 1 Level 2 Level 3 Cash and cash equivalents 4,078 4,078 — — Equity: Equity securities *1 37,769 35,818 1,951 — Fixed income: Government bonds *2 60,835 — 60,835 — Corporate bonds *3 30,425 — 23,425 7,000 Asset-backed securities 321 — 321 — Insurance contracts *4 4,293 — 4,293 — Commingled funds *5 77,456 — 77,456 — Real estate and other *6 41,164 — 17,040 24,124 Total 256,341 39,896 185,321 31,124 Foreign plans Yen in millions Fair value at March 31, 2017 Fair value measurements using inputs considered as Asset class Level 1 Level 2 Level 3 Cash and cash equivalents 8,091 8,091 — — Equity: Equity securities *1 33,103 31,783 1,320 — Fixed income: Government bonds *2 65,671 — 65,671 — Corporate bonds *3 28,296 — 21,370 6,926 Asset-backed securities 982 — 982 — Insurance contracts *4 5,135 — 5,135 — Commingled funds *5 81,683 — 81,683 — Real estate and other *6 36,216 — 13,287 22,929 Total 259,177 39,874 189,448 29,855 *1 Includes primarily foreign equity securities. *2 Includes primarily foreign government debt securities. *3 Includes primarily foreign corporate debt securities. *4 Represents annuity contracts with or without profit sharing. *5 Commingled funds represent pooled institutional investments including mutual funds, common trust funds, and collective investment funds. They are primarily comprised of foreign equities and fixed income investments. *6 Includes primarily private real estate investment trusts. |
Summary of Changes in Fair Values of Japanese and Foreign Plans' Level Three Assets | The following table sets forth a summary of changes in the fair values of Japanese and foreign plans’ level 3 assets for the fiscal years ended March 31, 2016 and 2017: Japanese plans Yen in millions Fair value measurement using significant unobservable inputs Private equity Hedge funds Real estate and other Total Beginning balance at April 1, 2015 32,584 80,037 5,961 118,582 Return on assets held at end of year 157 (3,593 ) 315 (3,121 ) Purchases, sales, and settlements, net (889 ) (16,049 ) 1,039 (15,899 ) Ending balance at March 31, 2016 31,852 60,395 7,315 99,562 Return on assets held at end of year 425 2,817 599 3,841 Purchases, sales, and settlements, net (10,487 ) 4,023 10,011 3,547 Ending balance at March 31, 2017 21,790 67,235 17,925 106,950 Foreign plans Yen in millions Fair value measurement using significant Corporate bonds Real estate and other Total Beginning balance at April 1, 2015 7,384 15,522 22,906 Return on assets held at end of year 76 (104 ) (28 ) Return on assets sold during the year — 19 19 Purchases, sales, and settlements, net — 3,933 3,933 Transfers, net — 2,692 2,692 Other* (460 ) 2,062 1,602 Ending balance at March 31, 2016 7,000 24,124 31,124 Return on assets held at end of year — 84 84 Purchases, sales, and settlements, net (44 ) (367 ) (411 ) Transfers, net — (8 ) (8 ) Other* (30 ) (904 ) (934 ) Ending balance at March 31, 2017 6,926 22,929 29,855 * Primarily consists of translation adjustments. |
Expected Future Benefit Payments | The expected future benefit payments are as follows: Japanese plans Foreign plans Fiscal year ending March 31 Yen in millions Yen in millions 2018 36,638 13,346 2019 38,561 13,205 2020 40,772 13,980 2021 41,646 15,138 2022 43,001 15,713 2023 — 2027 232,773 90,199 |
Total Defined Contribution Expenses | Total defined contribution expenses for the fiscal years ended March 31, 2015, 2016 and 2017 were as follows: Yen in millions Fiscal year ended March 31 2015 2016 2017 Japanese plans 3,199 3,155 3,412 Foreign plans 13,857 12,419 10,458 |
Stockholders' equity (Tables)
Stockholders' equity (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Equity [Abstract] | |
Changes in Number of Shares of Common Stock Issued and Outstanding | Changes in the number of shares of common stock issued and outstanding during the fiscal years ended March 31, 2015, 2016 and 2017 have resulted from the following: Number of shares Balance at March 31, 2014 1,044,707,767 Exercise of stock acquisition rights 948,500 Conversion of zero coupon convertible bonds 124,116,993 Balance at March 31, 2015 1,169,773,260 Issuance of new shares 92,000,000 Exercise of stock acquisition rights 720,500 Balance at March 31, 2016 1,262,493,760 Exercise of stock acquisition rights 1,269,900 Balance at March 31, 2017 1,263,763,660 |
Changes in Accumulated Other Comprehensive Income, Net of Tax | Changes in accumulated other comprehensive income, net of tax, by component for the fiscal years ended March 31, 2015, 2016 and 2017 were as follows: Yen in millions Unrealized Pension Foreign Total Balance at March 31, 2014 127,509 (180,039 ) (399,055 ) (451,585 ) Other comprehensive income before reclassifications 53,069 (22,552 ) 67,334 97,851 Amounts reclassified out of accumulated other *1 (14,351 ) 1,365 (1,544 ) (14,530 ) Net current-period other comprehensive income 38,718 (21,187 ) 65,790 83,321 Less: Other comprehensive income attributable to noncontrolling interests 12,074 (95 ) 5,040 17,019 Balance at March 31, 2015 154,153 (201,131 ) (338,305 ) (385,283 ) Yen in millions Unrealized Unrealized Pension Foreign Total Balance at March 31, 2015 154,153 — (201,131 ) (338,305 ) (385,283 ) Other comprehensive income before reclassifications 45,527 1,914 (174,380 ) (83,899 ) (210,838 ) Amounts reclassified out of accumulated other comprehensive income (43,307 ) (3,112 ) 2,627 — (43,792 ) Net current-period other comprehensive income 2,220 (1,198 ) (171,753 ) (83,899 ) (254,630 ) Less: Other comprehensive income attributable to noncontrolling interests 15,637 — (1,145 ) (1,087 ) 13,405 Balance at March 31, 2016 140,736 (1,198 ) (371,739 ) (421,117 ) (653,318 ) Yen in millions Unrealized Unrealized Pension Foreign Total Balance at March 31, 2016 140,736 (1,198 ) (371,739 ) (421,117 ) (653,318 ) Other comprehensive income before reclassifications (27,007 ) 5,028 54,513 (17,988 ) 14,546 Amounts reclassified out of accumulated other comprehensive income (3,286 ) (3,888 ) 8,719 — 1,545 Net current-period other comprehensive income (30,293 ) 1,140 63,232 (17,988 ) 16,091 Less: Other comprehensive income attributable to noncontrolling interests (16,192 ) — 229 (2,495 ) (18,458 ) Balance at March 31, 2017 126,635 (58 ) (308,736 ) (436,610 ) (618,769 ) *1 Foreign currency translation adjustments were transferred from accumulated other comprehensive income to net income as a result of a complete or substantially complete liquidation or sale of certain foreign subsidiaries and affiliates. |
Reclassifications Out of Accumulated Other Comprehensive Income | Reclassifications out of accumulated other comprehensive income for the fiscal years ended March 31, 2015, 2016 and 2017 were as follows: Yen in millions Comprehensive income components Amounts reclassified from Affected line items in consolidated statements of 2015 2016 2017 Unrealized gains (losses) on securities (10,515 ) (19,598 ) (4,560 ) Financial services revenue (7,942 ) (47,087 ) (30 ) Gain on sale of securities investments, net — 3,063 — Loss on devaluation of securities investments Total before tax (18,457 ) (63,622 ) (4,590 ) Tax expense or (benefit) 4,106 20,315 1,304 Net of tax (14,351 ) (43,307 ) (3,286 ) Unrealized gains (losses) on derivative instruments — (8 ) — Foreign exchange loss, net — (3,104 ) (5,583 ) Cost of sales Total before tax — (3,112 ) (5,583 ) Tax expense or (benefit) — — 1,695 Net of tax — (3,112 ) (3,888 ) Pension liability adjustment 2,615 2,867 13,044 * Tax expense or (benefit) (1,250 ) (240 ) (4,325 ) Net of tax 1,365 2,627 8,719 Foreign currency translation adjustments (1,544 ) — — Foreign exchange loss, net Tax expense or (benefit) — — — Net of tax (1,544 ) — — Total amounts reclassified out of accumulated other comprehensive income, net of tax (14,530 ) (43,792 ) 1,545 * The amortization of pension and postretirement benefit components are included in the computation of net periodic pension cost. Refer to Note 15. |
Net Income (Loss) Attributable to Sony Corporation's Stockholders and Transfers (to) from Noncontrolling Interests | Net income (loss) attributable to Sony Corporation’s stockholders and transfers (to) from the noncontrolling interests for the fiscal years ended March 31, 2015, 2016 and 2017 were as follows: Yen in millions Fiscal year ended March 31 2015 2016 2017 Net income (loss) attributable to Sony Corporation’s stockholders (125,980 ) 147,791 73,289 Transfers (to) from the noncontrolling interests: Decrease in additional paid-in (2,483 ) (12,776 ) (53,927 ) Change from net income (loss) attributable to Sony Corporation’s stockholders and transfers (to) from the noncontrolling interests (128,463 ) 135,015 19,362 |
Stock-based compensation plans
Stock-based compensation plans (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Weighted-Average Assumptions used to Determine Fair Value of Stock Acquisition Rights Granted | The fair value of stock acquisition rights granted on the date of grant and used to recognize compensation expense for the fiscal years ended March 31, 2015, 2016 and 2017 was estimated using the Black-Scholes option-pricing model with the following weighted-average assumptions: Fiscal year ended March 31 2015 2016 2017 Weighted-average assumptions Risk-free interest rate 1.26% 1.07% 1.10% Expected lives 7.35 y ears 7.12 y ears 6.83 y ears Expected volatility * 51.69% 42.07% 40.00% Expected dividends 1.24% 0.75% 0.66% * Expected volatility was based on the historical volatilities of Sony Corporation’s common stock over the expected life of the stock acquisition rights. |
Summary of Activities Regarding Stock Acquisition Rights Plan | A summary of the activities regarding the stock acquisition rights plan during the fiscal year ended March 31, 2017 is as follows: Fiscal year ended March 31, 2017 Number of Weighted- Weighted- Total intrinsic value Yen Years Yen in millions Outstanding at beginning of the fiscal year 15,778,200 3,188 Granted 3,250,400 3,366 Exercised 1,269,900 2,150 Forfeited or expired 2,239,300 4,209 Outstanding at end of the fiscal year 15,519,400 3,147 5.85 12,335 Exercisable at end of the fiscal year 9,914,700 3,072 4.01 9,573 |
Restructuring charges (Tables)
Restructuring charges (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Restructuring and Related Activities [Abstract] | |
Changes in Accrued Restructuring Charges | The changes in the accrued restructuring charges for the fiscal years ended March 31, 2015, 2016 and 2017 are as follows: Yen in millions Employee Non-cash write-downs and * Other Total Balance at March 31, 2014 31,844 — 13,916 45,760 Restructuring costs 53,261 17,169 20,259 90,689 Non-cash — (17,169 ) — (17,169 ) Cash payments (48,787 ) — (19,937 ) (68,724 ) Adjustments 403 — (42 ) 361 Balance at March 31, 2015 36,721 — 14,196 50,917 Restructuring costs 27,401 1,828 7,298 36,527 Non-cash — (1,828 ) — (1,828 ) Cash payments (40,261 ) — (11,232 ) (51,493 ) Adjustments (1,330 ) — 1,473 143 Balance at March 31, 2016 22,531 — 11,735 34,266 Restructuring costs 9,854 42,717 7,142 59,713 Non-cash — (42,717 ) — (42,717 ) Cash payments (19,759 ) — (8,871 ) (28,630 ) Adjustments (992 ) — (839 ) (1,831 ) Balance at March 31, 2017 11,634 — 9,167 20,801 * Significant asset impairments excluded from restructuring charges are described in Note 13. |
Total Costs Incurred in Connection with Restructuring Programs by Segment | Total costs incurred in connection with these restructuring programs by segment for the fiscal years ended March 31, 2015, 2016 and 2017 are as follows: Yen in millions Fiscal year ended March 31, 2015 Employee Other * Total net Depreciation Total Mobile Communications 3,800 1,906 5,706 85 5,791 Game & Network Services 520 6,752 7,272 — 7,272 Imaging Products & Solutions 6,586 39 6,625 714 7,339 Home Entertainment & Sound 1,959 1 1,960 — 1,960 Semiconductors 2,930 2,855 5,785 426 6,211 Components 305 906 1,211 — 1,211 Pictures 1,918 — 1,918 — 1,918 Music 1,530 585 2,115 — 2,115 Financial Services — — — — — All Other and Corporate 33,713 24,384 58,097 6,122 64,219 Total 53,261 37,428 90,689 7,347 98,036 Yen in millions Fiscal year ended March 31, 2016 Employee Other associated * Total net Depreciation Total Mobile Communications 17,259 3,669 20,928 710 21,638 Game & Network Services 15 120 135 — 135 Imaging Products & Solutions 78 126 204 — 204 Home Entertainment & Sound 1,181 26 1,207 — 1,207 Semiconductors (11 ) (102 ) (113 ) — (113 ) Components 1 21 22 — 22 Pictures 1,594 7 1,601 5 1,606 Music 1,501 367 1,868 — 1,868 Financial Services — — — — — All Other and Corporate 5,783 4,892 10,675 1,017 11,692 Total 27,401 9,126 36,527 1,732 38,259 Yen in millions Fiscal year ended March 31, 2017 Employee Other associated * Total net Depreciation Total Mobile Communications 516 172 688 138 826 Game & Network Services 225 6 231 — 231 Imaging Products & Solutions 563 77 640 — 640 Home Entertainment & Sound 68 684 752 — 752 Semiconductors 4 (13 ) (9 ) — (9 ) Components 922 42,517 43,439 — 43,439 Pictures 2,467 — 2,467 — 2,467 Music 2,116 1,474 3,590 — 3,590 Financial Services — — — — — All Other and Corporate 2,973 4,942 7,915 364 8,279 Total 9,854 49,859 59,713 502 60,215 * Other associated costs includes non-cash |
Supplemental consolidated sta55
Supplemental consolidated statements of income information (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Other Income and Expenses [Abstract] | |
Components of Other Operating Expense, Net | Other operating expense, net is comprised of the following: Yen in millions March 31 2015 2016 2017 Gain on sale of the U.S. headquarters building *1 (5,991 ) (6,545 ) — Gain on sale of Sony City Osaki *1 (4,914 ) (4,914 ) (4,914 ) Gain on sales of music publishing catalog in Pictures segment (1,871 ) — — (Gain) loss on sale, remeasurement, and issuance of M3 shares *2 113 (2 ) (37,167 ) (Gain) loss on purchase/sale of interests in subsidiaries and affiliates, net *3 1,716 (31,778 ) (4,259 ) (Gain) loss on sale, disposal or impairment of assets, net *4 192,605 90,410 195,341 181,658 47,171 149,001 *1 A portion of gain on sale and leaseback transactions is deferred and is amortized on a straight-line basis over the lease term. *2 Refer to Note 5. *3 Refer to Notes 24 and 25. *4 Refer to Notes 9, 13, 19 and 25. |
Income taxes (Tables)
Income taxes (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Components of Domestic and Foreign Income (Loss) and Provision for Current and Deferred Income Taxes | Domestic and foreign components of income (loss) before income taxes and the provision for current and deferred income taxes attributable to such income are summarized as follows: Yen in millions Fiscal year ended March 31 2015 2016 2017 Income (loss) before income taxes: Sony Corporation and all subsidiaries in Japan (88,855 ) 149,256 166,158 Foreign subsidiaries 128,584 155,248 85,461 39,729 304,504 251,619 Income taxes — Current: Sony Corporation and all subsidiaries in Japan 40,321 41,080 49,739 Foreign subsidiaries 40,430 53,498 50,521 80,751 94,578 100,260 Income taxes — Deferred: Sony Corporation and all subsidiaries in Japan (3,306 ) (1,745 ) 11,478 Foreign subsidiaries 11,288 1,956 12,320 7,982 211 23,798 Total income tax expense 88,733 94,789 124,058 |
Reconciliation of Statutory Tax Rate and Effective Tax Rate | A reconciliation of the differences between the Japanese statutory tax rate and the effective tax rate is as follows: Fiscal year ended March 31 2015 2016 2017 Statutory tax rate 36.0 % 33.6 % 31.7 % Non-deductible 16.1 1.6 2.3 Income tax credits (1.4 ) (2.0 ) (2.9 ) Change in statutory tax rate (66.7 ) (3.3 ) 0.3 Change in valuation allowances 221.1 10.7 7.3 Change in deferred tax liabilities on undistributed earnings of foreign subsidiaries and corporate joint ventures 17.4 (0.8 ) (1.4 ) Lower tax rate applied to life and non-life (24.6 ) (2.3 ) (2.2 ) Foreign income tax differential (79.7 ) (6.9 ) (3.0 ) Adjustments to tax reserves (23.1 ) 0.7 (1.1 ) Effect of equity in net income (loss) of affiliated companies 0.1 0.0 0.0 Impairment of goodwill in the Pictures segment — — 15.0 Tax benefit related to intraperiod tax allocation (27.2 ) — — Impairment of goodwill related to mobile communications business 159.5 — — Other (4.2 ) (0.2 ) 3.3 Effective income tax rate 223.3 % 31.1 % 49.3 % |
Components of Deferred Tax Assets and Liabilities | The significant components of deferred tax assets and liabilities are as follows: Yen in millions March 31 2016 2017 Deferred tax assets: Operating loss carryforwards for tax purposes 483,590 455,555 Accrued pension and severance costs 131,262 112,075 Film costs 175,439 181,243 Warranty reserves and accrued expenses 96,327 110,475 Future insurance policy benefits 27,419 30,884 Inventory 38,219 16,322 Depreciation 48,339 47,485 Tax credit carryforwards 145,011 134,427 Reserve for doubtful accounts 10,179 10,887 Impairment of investments 47,083 52,451 Deferred revenue in the Pictures segment 16,336 27,294 Other 140,218 158,420 Gross deferred tax assets 1,359,422 1,337,518 Less: Valuation allowance (1,055,858 ) (1,051,964 ) Total deferred tax assets 303,564 285,554 Deferred tax liabilities: Insurance acquisition costs (144,207 ) (160,308 ) Future insurance policy benefits (132,521 ) (147,159 ) Unbilled accounts receivable in the Pictures segment (99,625 ) (113,997 ) Unrealized gains on securities (97,745 ) (78,643 ) Intangible assets acquired through stock exchange offerings (23,794 ) (23,794 ) Undistributed earnings of foreign subsidiaries and corporate joint ventures (35,666 ) (26,473 ) Investment in M3 (33,933 ) (34,775 ) Other (53,750 ) (34,271 ) Gross deferred tax liabilities (621,241 ) (619,420 ) Net deferred tax liabilities (317,677 ) (333,866 ) |
Location of Net Deferred Tax Assets and Liabilities Included in Consolidated Balance Sheets | Net deferred tax assets (net of valuation allowance) and liabilities are included in the consolidated balance sheets as follows: Yen in millions March 31 2016 2017 Current assets — Deferred income taxes 40,940 — Other assets — Deferred income taxes 97,639 98,958 Current liabilities — Other (5,330 ) — Long-term liabilities — Deferred income taxes (450,926 ) (432,824 ) Net deferred tax liabilities (317,677 ) (333,866 ) |
Reconciliation of Beginning and Ending Gross Amounts of Unrecognized Tax Benefits | A reconciliation of the beginning and ending gross amounts of unrecognized tax benefits is as follows: Yen in millions March 31 2015 2016 2017 Balance at beginning of the fiscal year 222,318 165,434 114,126 Reductions for tax positions of prior years (2,898 ) (34,261 ) (558 ) Additions for tax positions of prior years 9,532 6,253 13,353 Additions based on tax positions related to the current year 3,740 4,299 8,231 Settlements (75,272 ) (12,556 ) (8,300 ) Lapse in statute of limitations (4,320 ) (8,229 ) (3,454 ) Foreign currency translation adjustments 12,334 (6,814 ) (3,869 ) Balance at end of the fiscal year 165,434 114,126 119,529 Total net amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate 93,538 49,323 45,987 |
Reconciliation of the differe57
Reconciliation of the differences between basic and diluted EPS (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Earnings Per Share [Abstract] | |
Reconciliation of Differences between Basic and Diluted EPS | Reconciliation of the differences between basic and diluted EPS for the fiscal years ended March 31, 2015, 2016 and 2017 is as follows: Yen in millions Fiscal year ended March 31 2015 2016 2017 Net income (loss) attributable to Sony Corporation’s stockholders for basic and diluted EPS computation (125,980 ) 147,791 73,289 Thousands of shares Weighted-average shares outstanding 1,114,424 1,237,802 1,262,023 Effect of dilutive securities: Stock acquisition rights — 2,109 2,358 Zero coupon convertible bonds — 17,972 23,962 Weighted-average shares for diluted EPS computation 1,114,424 1,257,883 1,288,343 Yen Basic EPS (113.04 ) 119.40 58.07 Diluted EPS (113.04 ) 117.49 56.89 |
Commitments, contingent liabi58
Commitments, contingent liabilities and other (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Aggregate Amounts of Year-by-Year Payment of Purchase Commitments | The schedule of the aggregate amounts of year-by-year Fiscal year ending March 31 Yen in millions 2018 199,807 2019 69,850 2020 43,327 2021 9,631 2022 8,754 Later fiscal years 12,538 Total 343,907 |
Changes in Product Warranty Liability | The changes in the product warranty liability for the fiscal years ended March 31, 2015, 2016 and 2017 are as follows: Yen in millions Fiscal year ended March 31 2015 2016 2017 Balance at beginning of the fiscal year 79,718 75,129 66,943 Additional liabilities for warranties 87,902 83,227 53,502 Settlements (in cash or in kind) (78,356 ) (81,462 ) (49,532 ) Changes in estimate for pre-existing (13,731 ) (6,440 ) (7,927 ) Translation adjustment (404 ) (3,511 ) (2,188 ) Balance at end of the fiscal year 75,129 66,943 60,798 |
Business segment information (T
Business segment information (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Segment Reporting [Abstract] | |
Components of Segment Sales and Operating Revenue | Segment sales and operating revenue: Yen in millions Fiscal year ended March 31 2015 2016 2017 Sales and operating revenue: Mobile Communications — Customers 1,409,179 1,121,925 752,688 Intersegment 1,036 5,548 6,457 Total 1,410,215 1,127,473 759,145 Game & Network Services — Customers 1,292,146 1,479,775 1,581,568 Intersegment 95,883 72,118 68,231 Total 1,388,029 1,551,893 1,649,799 Imaging Products & Solutions — Customers 696,888 677,231 571,499 Intersegment 3,682 6,724 8,134 Total 700,570 683,955 579,633 Home Entertainment & Sound — Customers 1,235,686 1,155,085 1,034,215 Intersegment 2,371 3,957 4,789 Total 1,238,057 1,159,042 1,039,004 Semiconductors — Customers 535,398 599,430 659,779 Intersegment 164,706 139,629 113,344 Total 700,104 739,059 773,123 Components — Customers 213,812 194,564 172,772 Intersegment 36,934 30,048 22,601 Total 250,746 224,612 195,373 Pictures — Customers 876,314 935,827 901,230 Intersegment 2,367 2,315 1,899 Total 878,681 938,142 903,129 Music — Customers 541,692 602,564 630,767 Intersegment 18,740 16,675 16,891 Total 560,432 619,239 647,658 Financial Services — Customers 1,077,604 1,066,319 1,080,284 Intersegment 6,025 6,750 7,220 Total 1,083,629 1,073,069 1,087,504 All Other — Customers 297,648 241,104 202,344 Intersegment 87,909 91,092 64,634 Total 385,557 332,196 266,978 Corporate and elimination (380,140 ) (342,968 ) (298,096 ) Consolidated total 8,215,880 8,105,712 7,603,250 |
Components of Segment Profit or Loss | Segment profit or loss: Yen in millions Fiscal year ended March 31 2015 2016 2017 Operating income (loss): Mobile Communications (217,574 ) (61,435 ) 10,164 Game & Network Services 48,104 88,668 135,553 Imaging Products & Solutions 38,790 69,320 47,257 Home Entertainment & Sound 24,102 50,558 58,504 Semiconductors 96,214 14,500 (7,811 ) Components (7,515 ) (42,919 ) (60,445 ) Pictures 58,527 38,507 (80,521 ) Music 58,190 86,509 75,798 Financial Services 193,307 156,543 166,424 All Other (94,172 ) 1,667 30,861 Total 197,973 401,918 375,784 Corporate and elimination (129,425 ) (107,721 ) (87,082 ) Consolidated operating income 68,548 294,197 288,702 Other income 25,076 66,849 14,418 Other expenses (53,895 ) (56,542 ) (51,501 ) Consolidated income before income taxes 39,729 304,504 251,619 |
Components of Other Significant Items | Other significant items: Yen in millions Fiscal year ended March 31 2015 2016 2017 Equity in net income (loss) of affiliated companies: Mobile Communications (534 ) (186 ) (79 ) Game & Network Services — — — Imaging Products & Solutions (70 ) — — Home Entertainment & Sound — — — Semiconductors — — — Components — — — Pictures (742 ) (981 ) (35 ) Music 3,471 3,801 5,435 Financial Services (782 ) (645 ) (3,601 ) All Other 2,578 249 1,843 Consolidated total 3,921 2,238 3,563 Depreciation and amortization: Mobile Communications 24,128 24,186 19,794 Game & Network Services 18,336 20,798 25,486 Imaging Products & Solutions 31,946 27,612 25,442 Home Entertainment & Sound 25,238 21,781 19,830 Semiconductors 78,474 100,964 102,328 Components 11,599 9,170 1,962 Pictures 19,980 22,375 20,487 Music 14,644 17,795 16,124 Financial Services, including deferred insurance acquisition costs 66,223 102,270 47,056 All Other 11,507 8,597 5,445 Total 302,075 355,548 283,954 Corporate 52,549 41,543 43,094 Consolidated total 354,624 397,091 327,048 |
Sales and Operating Revenue to External Customers by Product Category | The following table includes a breakdown of sales and operating revenue to external customers by product category for certain segments. Sony management views each segment as a single operating segment. Yen in millions Fiscal year ended March 31 2015 2016 2017 Sales and operating revenue: Mobile Communications 1,409,179 1,121,925 752,688 Game & Network Services Hardware 733,757 721,829 598,373 Network 351,467 529,318 714,924 Other 206,922 228,628 268,271 Total 1,292,146 1,479,775 1,581,568 Imaging Products & Solutions Still and Video Cameras 478,099 428,777 351,834 Other 218,789 248,454 219,665 Total 696,888 677,231 571,499 Home Entertainment & Sound Televisions 835,068 797,764 720,557 Audio and Video 396,814 354,946 311,771 Other 3,804 2,375 1,887 Total 1,235,686 1,155,085 1,034,215 Semiconductors 535,398 599,430 659,779 Components 213,812 194,564 172,772 Pictures Motion Pictures 434,253 447,355 409,363 Television Productions 252,456 270,115 271,886 Media Networks 189,605 218,357 219,981 Total 876,314 935,827 901,230 Music Recorded Music 383,350 412,718 388,948 Music Publishing 70,959 71,258 66,541 Visual Media and Platform 87,383 118,588 175,278 Total 541,692 602,564 630,767 Financial Services 1,077,604 1,066,319 1,080,284 All Other 297,648 241,104 202,344 Corporate 39,513 31,888 16,104 Consolidated total 8,215,880 8,105,712 7,603,250 |
Sales and Operating Revenue Attributed to Countries and Areas Based on Location of External Customers and Long-Lived Assets | Sales and operating revenue attributed to countries and areas based on location of external customers for the fiscal years ended March 31, 2015, 2016 and 2017 and property, plant and equipment, net as of March 31, 2016 and 2017 are as follows: Yen in millions Fiscal year ended March 31 2015 2016 2017 Sales and operating revenue: Japan 2,233,776 2,317,312 2,392,790 United States 1,528,097 1,733,759 1,673,768 Europe 1,932,941 1,881,329 1,634,683 China 546,697 540,497 557,995 Asia-Pacific 1,052,453 959,171 866,712 Other Areas 921,916 673,644 477,302 Total 8,215,880 8,105,712 7,603,250 Yen in millions March 31 2016 2017 Property, plant and equipment, net: Japan 625,143 580,453 United States 99,743 101,167 Europe 31,738 24,273 China 19,884 13,466 Asia-Pacific 37,042 34,575 Other Areas 7,268 4,265 Total 820,818 758,199 |
Summary of Significant Accoun60
Summary of Significant Accounting Policies - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Summary Of Significant Accounting Policies [Line Items] | |||
Description of evaluating factors in relation to available for sale securities | If the fair value of the security is 20 percent or more below its original cost for an extended period of time (generally for a period of up to six months) | ||
Percentage of other-than-temporary fair value of security | 20.00% | ||
Consideration given to a reseller, primarily for free promotional shipping and cooperative advertising programs included in selling, general and administrative expenses | ¥ 12,046 | ¥ 13,178 | ¥ 10,503 |
Minimum | Buildings | |||
Summary Of Significant Accounting Policies [Line Items] | |||
Useful lives for depreciation | 2 years | ||
Minimum | Machinery, equipment and others | |||
Summary Of Significant Accounting Policies [Line Items] | |||
Useful lives for depreciation | 2 years | ||
Maximum | Buildings | |||
Summary Of Significant Accounting Policies [Line Items] | |||
Useful lives for depreciation | 50 years | ||
Maximum | Machinery, equipment and others | |||
Summary Of Significant Accounting Policies [Line Items] | |||
Useful lives for depreciation | 10 years | ||
All Other | Error in the amounts of revenue and certain capitalizable assets being recorded at a subsidiary | |||
Summary Of Significant Accounting Policies [Line Items] | |||
Out of period adjustment to correct error | ¥ 5,104 | ||
Home Entertainment & Sound | Error in the amount of accruals for certain sales incentives being recorded at a subsidiary | |||
Summary Of Significant Accounting Policies [Line Items] | |||
Out of period adjustment to correct error | ¥ 8,447 | ||
Patent rights; know-how; license agreements; trademarks; software to be sold, leased or otherwise marketed, and internal-use software | Minimum | |||
Summary Of Significant Accounting Policies [Line Items] | |||
Amortization period of intangible assets | 3 years | ||
Patent rights; know-how; license agreements; trademarks; software to be sold, leased or otherwise marketed, and internal-use software | Maximum | |||
Summary Of Significant Accounting Policies [Line Items] | |||
Amortization period of intangible assets | 10 years | ||
Customer relationships, music catalogs, artist contracts and television carriage contracts (broadcasting agreements) | Minimum | |||
Summary Of Significant Accounting Policies [Line Items] | |||
Amortization period of intangible assets | 10 years | ||
Customer relationships, music catalogs, artist contracts and television carriage contracts (broadcasting agreements) | Maximum | |||
Summary Of Significant Accounting Policies [Line Items] | |||
Amortization period of intangible assets | 40 years | ||
Software to be sold, leased or otherwise marketed | |||
Summary Of Significant Accounting Policies [Line Items] | |||
Amortization period of intangible assets | 3 years |
Inventories (Summary of Invento
Inventories (Summary of Inventories) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Inventory Disclosure [Abstract] | ||
Finished products | ¥ 399,850 | ¥ 448,273 |
Work in process | 140,718 | 130,383 |
Raw materials, purchased components and supplies | 100,267 | 104,490 |
Inventories | ¥ 640,835 | ¥ 683,146 |
Film Costs (Summary of Film Cos
Film Costs (Summary of Film Costs) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Motion picture productions: | ||
Released | ¥ 80,539 | ¥ 75,218 |
Completed and not released | 5,608 | 2,304 |
In production and development | 94,197 | 95,268 |
Television productions: | ||
Released | 120,693 | 88,538 |
In production and development | 7,707 | 14,410 |
Broadcasting rights | 65,725 | 62,589 |
Less: current portion of broadcasting rights included in inventories | (37,541) | (37,099) |
Film costs | ¥ 336,928 | ¥ 301,228 |
Film Costs - Additional Informa
Film Costs - Additional Information (Detail) ¥ in Billions | 12 Months Ended |
Mar. 31, 2017JPY (¥) | |
Film Costs [Abstract] | |
Unamortized film costs of released motion picture and television productions | 93.00% |
Completed film costs expected to be amortized during the next twelve months | ¥ 142 |
Accrued participation liabilities expected to be paid in next twelve months | ¥ 167 |
Investments in Affiliated Com64
Investments in Affiliated Companies (Summarized Combined Financial Information Provided by Equity Investees) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Schedule of Equity Method Investments [Line Items] | |||
Current assets | ¥ 361,492 | ¥ 367,465 | |
Noncurrent assets | 834,765 | 773,126 | |
Current liabilities | 248,450 | 245,731 | |
Noncurrent liabilities and noncontrolling interests | 761,546 | 709,134 | |
Net revenues | 387,229 | 358,256 | ¥ 308,399 |
Operating income | 37,800 | 32,884 | 34,962 |
Net income (loss) attributable to controlling interests | ¥ 11,529 | ¥ 8,388 | ¥ (5,461) |
Minimum | |||
Schedule of Equity Method Investments [Line Items] | |||
Percentage of ownership in equity investees | 20.00% | 20.00% | 20.00% |
Maximum | |||
Schedule of Equity Method Investments [Line Items] | |||
Percentage of ownership in equity investees | 50.00% | 50.00% | 50.00% |
Investments in Affiliated Com65
Investments in Affiliated Companies - Additional Information (Detail) ¥ in Millions, $ in Millions | Jan. 30, 2017JPY (¥)shares | Jun. 29, 2012USD ($) | Mar. 31, 2017JPY (¥)Entity | Mar. 31, 2016JPY (¥)Entity | Mar. 31, 2015JPY (¥) | Jan. 29, 2017 | Apr. 01, 2015 |
Schedule of Equity Method Investments [Line Items] | |||||||
Aggregate carrying value of investments in several affiliated companies | ¥ 96,494 | ||||||
Fair value of investments in several affiliated companies | ¥ 314,188 | ||||||
Number of affiliated companies accounted for under the equity method | Entity | 109 | 102 | |||||
Dividends received from affiliated companies | ¥ 7,970 | ¥ 7,282 | ¥ 6,149 | ||||
EMI Music Publishing | |||||||
Schedule of Equity Method Investments [Line Items] | |||||||
Business acquisition total consideration | $ | $ 2,200 | ||||||
DH Publishing, L.P. | |||||||
Schedule of Equity Method Investments [Line Items] | |||||||
Business acquisition total consideration | $ | $ 320 | ||||||
Percentage of equity interest | 39.80% | ||||||
M3, Inc. | |||||||
Schedule of Equity Method Investments [Line Items] | |||||||
Percentage of equity interest | 34.00% | 39.35% | |||||
Number of shares sold | shares | 17,302,700 | ||||||
Number of shares held | shares | 127,381,600 | ||||||
Cash consideration from sale of shares | ¥ 51,968 | ||||||
Gain on sale of shares | 37,167 | ||||||
Difference between carrying value and underlying net assets | ¥ 95,609 | ||||||
Difference between carrying value and underlying net assets, accounting treatment for amounts allocated to intangible assets | The amounts allocated to intangible assets are amortized net of the related tax effects to equity in net income (loss) of affiliated companies over their respective estimated useful lives, principally 10 years, using the straight-line method. | ||||||
SFI Leasing Company, Limited | |||||||
Schedule of Equity Method Investments [Line Items] | |||||||
Percentage of equity interest | 34.00% | ||||||
MITSUI-SOKO Supply Chain Solutions, Inc | |||||||
Schedule of Equity Method Investments [Line Items] | |||||||
Percentage of equity interest | 34.00% | ||||||
MITSUI-SOKO Supply Chain Solutions, Inc | General and Administrative Expenses | |||||||
Schedule of Equity Method Investments [Line Items] | |||||||
Related party transaction, amounts of transaction | ¥ 13,752 | 22,576 | |||||
MITSUI-SOKO Supply Chain Solutions, Inc | Accrued Expenses | |||||||
Schedule of Equity Method Investments [Line Items] | |||||||
Related party transaction, account balances | ¥ 4,922 | ¥ 4,741 | |||||
Nile Acquisition LLC | |||||||
Schedule of Equity Method Investments [Line Items] | |||||||
Percentage of equity ownership | 74.90% |
Investments in Affiliated Com66
Investments in Affiliated Companies (Account Balances and Transactions with Affiliated Companies Accounted for under Equity Method) (Detail) - Equity Method Investee - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Schedule of Equity Method Investments [Line Items] | |||
Accounts receivable, trade | ¥ 10,873 | ¥ 9,740 | |
Accounts payable, trade | 2,525 | 2,044 | |
Capital lease obligations | 10,105 | 21,025 | |
Sales | 31,238 | 33,569 | ¥ 29,393 |
Purchases | 1,966 | 2,259 | 1,498 |
Lease payments | ¥ 16,492 | ¥ 32,291 | ¥ 36,642 |
Transfer of Financial Assets -
Transfer of Financial Assets - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Transfer of Financial Assets Accounted for as Sales [Line Items] | |||
Trade accounts receivable sold | ¥ 73,185 | ¥ 53,267 | ¥ 633,190 |
U.S. Subsidiary | Pictures | |||
Transfer of Financial Assets Accounted for as Sales [Line Items] | |||
Trade accounts receivable sold | ¥ 238 | 2,918 | 4,237 |
Deferred proceeds total amount | ¥ 30,291 | ¥ 30,893 |
Transfer of Financial Assets 68
Transfer of Financial Assets (Trade Receivables Sold, Deferred Proceeds from Sales and Collections of Deferred Proceeds) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Transfer of Financial Assets Accounted for as Sales [Line Items] | |||
Total trade receivables sold | ¥ 73,185 | ¥ 53,267 | ¥ 633,190 |
Collections of deferred proceeds | 1,202 | 2,298 | 22,512 |
Electronics Business | U.S. Subsidiary | |||
Transfer of Financial Assets Accounted for as Sales [Line Items] | |||
Total trade receivables sold | 50,400 | ||
Deferred proceeds | 16,150 | ||
Collections of deferred proceeds | 22,512 | ||
Pictures | U.S. Subsidiary | |||
Transfer of Financial Assets Accounted for as Sales [Line Items] | |||
Total trade receivables sold | 238 | 2,918 | 4,237 |
Deferred proceeds | 238 | 2,918 | ¥ 4,237 |
Collections of deferred proceeds | ¥ 1,202 | ¥ 2,298 |
Marketable Securities and Sec69
Marketable Securities and Securities Investments (Aggregate Cost, Gross Unrealized Gains and Losses and Fair Value Pertaining to Available-for-Sale Securities and Held-to-Maturity Securities) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Schedule of Investments [Line Items] | ||
Held-to-maturity securities, Cost | ¥ 6,148,520 | ¥ 5,462,503 |
Held-to-maturity securities, Gross unrealized gains | 1,538,986 | 2,049,180 |
Held-to-maturity securities, Gross unrealized losses | (75,492) | |
Held-to-maturity securities, Fair value | 7,612,014 | 7,511,683 |
Marketable securities and securities investments, Cost | 8,029,066 | 7,289,953 |
Marketable securities and securities investments, Gross unrealized gains | 1,804,294 | 2,361,653 |
Marketable securities and securities investments, Gross unrealized losses | (80,343) | (3,856) |
Marketable securities and securities investments, Fair value | 9,753,017 | 9,647,750 |
Debt securities | ||
Schedule of Investments [Line Items] | ||
Available-for-Sale, Cost | 1,824,618 | 1,782,698 |
Available-for-Sale, Gross unrealized gains | 195,371 | 241,883 |
Available-for-Sale, Gross unrealized losses | (4,474) | (3,835) |
Available-for-Sale, Fair value | 2,015,515 | 2,020,746 |
Equity securities | ||
Schedule of Investments [Line Items] | ||
Available-for-Sale, Cost | 55,928 | 44,752 |
Available-for-Sale, Gross unrealized gains | 69,937 | 70,590 |
Available-for-Sale, Gross unrealized losses | (377) | (21) |
Available-for-Sale, Fair value | 125,488 | 115,321 |
Japanese national government bonds | ||
Schedule of Investments [Line Items] | ||
Held-to-maturity securities, Cost | 5,661,191 | 5,353,080 |
Held-to-maturity securities, Gross unrealized gains | 1,520,904 | 2,020,621 |
Held-to-maturity securities, Gross unrealized losses | (30,553) | |
Held-to-maturity securities, Fair value | 7,151,542 | 7,373,701 |
Japanese national government bonds | Debt securities | ||
Schedule of Investments [Line Items] | ||
Available-for-Sale, Cost | 1,161,493 | 1,136,478 |
Available-for-Sale, Gross unrealized gains | 182,836 | 218,863 |
Available-for-Sale, Gross unrealized losses | (928) | (6) |
Available-for-Sale, Fair value | 1,343,401 | 1,355,335 |
Japanese local government bonds | ||
Schedule of Investments [Line Items] | ||
Held-to-maturity securities, Cost | 4,101 | 4,480 |
Held-to-maturity securities, Gross unrealized gains | 449 | 522 |
Held-to-maturity securities, Fair value | 4,550 | 5,002 |
Japanese local government bonds | Debt securities | ||
Schedule of Investments [Line Items] | ||
Available-for-Sale, Cost | 60,450 | 60,707 |
Available-for-Sale, Gross unrealized gains | 144 | 86 |
Available-for-Sale, Gross unrealized losses | (63) | (254) |
Available-for-Sale, Fair value | 60,531 | 60,539 |
Japanese corporate bonds | ||
Schedule of Investments [Line Items] | ||
Held-to-maturity securities, Cost | 230,011 | 61,811 |
Held-to-maturity securities, Gross unrealized gains | 12,346 | 17,382 |
Held-to-maturity securities, Gross unrealized losses | (22,071) | |
Held-to-maturity securities, Fair value | 220,286 | 79,193 |
Japanese corporate bonds | Debt securities | ||
Schedule of Investments [Line Items] | ||
Available-for-Sale, Cost | 163,785 | 132,739 |
Available-for-Sale, Gross unrealized gains | 7,864 | 11,472 |
Available-for-Sale, Gross unrealized losses | (1,846) | (230) |
Available-for-Sale, Fair value | 169,803 | 143,981 |
Foreign government bonds | ||
Schedule of Investments [Line Items] | ||
Held-to-maturity securities, Cost | 253,019 | 42,934 |
Held-to-maturity securities, Gross unrealized gains | 5,269 | 10,631 |
Held-to-maturity securities, Gross unrealized losses | (22,868) | |
Held-to-maturity securities, Fair value | 235,420 | 53,565 |
Foreign government bonds | Debt securities | ||
Schedule of Investments [Line Items] | ||
Available-for-Sale, Cost | 27,601 | 35,896 |
Available-for-Sale, Gross unrealized gains | 359 | 5,724 |
Available-for-Sale, Gross unrealized losses | (918) | (160) |
Available-for-Sale, Fair value | 27,042 | 41,460 |
Foreign corporate bonds | ||
Schedule of Investments [Line Items] | ||
Held-to-maturity securities, Cost | 198 | 198 |
Held-to-maturity securities, Gross unrealized gains | 18 | 24 |
Held-to-maturity securities, Fair value | 216 | 222 |
Foreign corporate bonds | Debt securities | ||
Schedule of Investments [Line Items] | ||
Available-for-Sale, Cost | 396,097 | 415,994 |
Available-for-Sale, Gross unrealized gains | 4,168 | 5,738 |
Available-for-Sale, Gross unrealized losses | (719) | (3,185) |
Available-for-Sale, Fair value | 399,546 | 418,547 |
Other | Debt securities | ||
Schedule of Investments [Line Items] | ||
Available-for-Sale, Cost | 15,192 | 884 |
Available-for-Sale, Gross unrealized gains | 0 | |
Available-for-Sale, Gross unrealized losses | 0 | |
Available-for-Sale, Fair value | ¥ 15,192 | ¥ 884 |
Marketable Securities and Sec70
Marketable Securities and Securities Investments (Cost and Fair Value of Debt Securities Classified as Available-for-Sale Securities and Held-to-Maturity Securities by Contractual Maturity) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Available for Sale Securities, Cost | ||
Due in one year or less | ¥ 139,341 | |
Due after one year through five years | 411,540 | |
Due after five years through ten years | 283,286 | |
Due after ten years | 990,451 | |
Total | 1,824,618 | |
Available-for-sale securities, Fair value | ||
Due in one year or less | 135,351 | |
Due after one year through five years | 416,016 | |
Due after five years through ten years | 318,272 | |
Due after ten years | 1,145,876 | |
Total | 2,015,515 | |
Held-to-maturity securities, Cost | ||
Due in one year or less | 6,972 | |
Due after one year through five years | 19,916 | |
Due after five years through ten years | 337,696 | |
Due after ten years | 5,783,936 | |
Held-to-maturity securities, Cost | 6,148,520 | ¥ 5,462,503 |
Held-to-maturity securities, Fair value | ||
Due in one year or less | 7,058 | |
Due after one year through five years | 20,761 | |
Due after five years through ten years | 390,072 | |
Due after ten years | 7,194,123 | |
Total | ¥ 7,612,014 | ¥ 7,511,683 |
Marketable Securities and Sec71
Marketable Securities and Securities Investments - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Investment Holdings [Line Items] | |||
Proceeds from sales of available-for-sale securities | ¥ 75,319 | ¥ 315,043 | ¥ 217,651 |
Gross realized gains from available-for-sale securities | 2,297 | 67,205 | 15,656 |
Gross realized losses from available-for-sale securities | 37 | 186 | 32 |
Marketable securities classified as trading securities | 921,320 | 799,241 | |
Net unrealized gains on trading securities | 56,593 | 100,312 | |
Net unrealized losses on trading securities | 45,841 | ||
Investment in non public companies | 61,323 | 71,750 | |
Total realized impairment losses on securities investments | ¥ 7,566 | 3,566 | ¥ 949 |
Olympus Corporation | |||
Investment Holdings [Line Items] | |||
Gross realized gains from available-for-sale securities | ¥ 46,757 |
Marketable Securities and Sec72
Marketable Securities and Securities Investments (Gross Unrealized Losses and Fair Value of Securities with Unrealized Losses, Aggregated by Investment Category and Length of Time of Continuous Unrealized Loss Position) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Investments, Unrealized Loss Position [Line Items] | ||
Available-for-sale securities, less than 12 months, fair value | ¥ 215,062 | |
Available-for-sale securities, less than 12 months, unrealized losses | (3,122) | |
Available-for-sale securities, 12 months or more, fair value | 38,123 | |
Available-for-sale securities, 12 months or more, unrealized losses | (734) | |
Available-for-sale securities, fair value, total | 253,185 | |
Available-for-sale securities, unrealized losses, total | (3,856) | |
Held-to-maturity securities, less than 12 months, fair value | ¥ 620,072 | |
Held-to-maturity securities, less than 12 months, unrealized losses | (75,492) | |
Held-to-maturity securities, 12 months or more, fair value | 0 | |
Held-to-maturity securities, 12 months or more , unrealized losses | 0 | |
Held-to-maturity securities, fair value, total | 620,072 | |
Held-to-maturity securities, unrealized losses, total | (75,492) | |
Marketable securities, less than 12 months, fair value | 780,072 | |
Marketable securities, less than 12 months, unrealized losses | (79,258) | |
Marketable securities, 12 months or more, fair value | 69,240 | |
Marketable securities, 12 months or more, unrealized losses | (1,085) | |
Marketable securities, fair value, total | 849,312 | |
Marketable securities, unrealized losses, total | (80,343) | |
Debt securities | ||
Investments, Unrealized Loss Position [Line Items] | ||
Available-for-sale securities, less than 12 months, fair value | 148,122 | 214,896 |
Available-for-sale securities, less than 12 months, unrealized losses | (3,396) | (3,112) |
Available-for-sale securities, 12 months or more, fair value | 69,231 | 38,113 |
Available-for-sale securities, 12 months or more, unrealized losses | (1,078) | (723) |
Available-for-sale securities, fair value, total | 217,353 | 253,009 |
Available-for-sale securities, unrealized losses, total | (4,474) | (3,835) |
Equity securities | ||
Investments, Unrealized Loss Position [Line Items] | ||
Available-for-sale securities, less than 12 months, fair value | 11,878 | 166 |
Available-for-sale securities, less than 12 months, unrealized losses | (370) | (10) |
Available-for-sale securities, 12 months or more, fair value | 9 | 10 |
Available-for-sale securities, 12 months or more, unrealized losses | (7) | (11) |
Available-for-sale securities, fair value, total | 11,887 | 176 |
Available-for-sale securities, unrealized losses, total | (377) | (21) |
Japanese national government bonds | ||
Investments, Unrealized Loss Position [Line Items] | ||
Held-to-maturity securities, less than 12 months, fair value | 277,328 | |
Held-to-maturity securities, less than 12 months, unrealized losses | (30,553) | |
Held-to-maturity securities, 12 months or more, fair value | 0 | |
Held-to-maturity securities, 12 months or more , unrealized losses | 0 | |
Held-to-maturity securities, fair value, total | 277,328 | |
Held-to-maturity securities, unrealized losses, total | (30,553) | |
Japanese national government bonds | Debt securities | ||
Investments, Unrealized Loss Position [Line Items] | ||
Available-for-sale securities, less than 12 months, fair value | 52,825 | 2,056 |
Available-for-sale securities, less than 12 months, unrealized losses | (909) | (6) |
Available-for-sale securities, 12 months or more, fair value | 2,018 | |
Available-for-sale securities, 12 months or more, unrealized losses | (19) | |
Available-for-sale securities, fair value, total | 54,843 | 2,056 |
Available-for-sale securities, unrealized losses, total | (928) | (6) |
Japanese local government bonds | ||
Investments, Unrealized Loss Position [Line Items] | ||
Held-to-maturity securities, 12 months or more, fair value | 0 | |
Held-to-maturity securities, 12 months or more , unrealized losses | 0 | |
Japanese local government bonds | Debt securities | ||
Investments, Unrealized Loss Position [Line Items] | ||
Available-for-sale securities, less than 12 months, fair value | 3,793 | 38,383 |
Available-for-sale securities, less than 12 months, unrealized losses | (6) | (223) |
Available-for-sale securities, 12 months or more, fair value | 14,270 | 2,929 |
Available-for-sale securities, 12 months or more, unrealized losses | (57) | (31) |
Available-for-sale securities, fair value, total | 18,063 | 41,312 |
Available-for-sale securities, unrealized losses, total | (63) | (254) |
Japanese corporate bonds | ||
Investments, Unrealized Loss Position [Line Items] | ||
Held-to-maturity securities, less than 12 months, fair value | 146,004 | |
Held-to-maturity securities, less than 12 months, unrealized losses | (22,071) | |
Held-to-maturity securities, 12 months or more, fair value | 0 | |
Held-to-maturity securities, 12 months or more , unrealized losses | 0 | |
Held-to-maturity securities, fair value, total | 146,004 | |
Held-to-maturity securities, unrealized losses, total | (22,071) | |
Japanese corporate bonds | Debt securities | ||
Investments, Unrealized Loss Position [Line Items] | ||
Available-for-sale securities, less than 12 months, fair value | 53,302 | 41,206 |
Available-for-sale securities, less than 12 months, unrealized losses | (1,761) | (201) |
Available-for-sale securities, 12 months or more, fair value | 20,489 | 3,125 |
Available-for-sale securities, 12 months or more, unrealized losses | (85) | (29) |
Available-for-sale securities, fair value, total | 73,791 | 44,331 |
Available-for-sale securities, unrealized losses, total | (1,846) | (230) |
Foreign government bonds | ||
Investments, Unrealized Loss Position [Line Items] | ||
Held-to-maturity securities, less than 12 months, fair value | 196,740 | |
Held-to-maturity securities, less than 12 months, unrealized losses | (22,868) | |
Held-to-maturity securities, 12 months or more, fair value | 0 | |
Held-to-maturity securities, 12 months or more , unrealized losses | 0 | |
Held-to-maturity securities, fair value, total | 196,740 | |
Held-to-maturity securities, unrealized losses, total | (22,868) | |
Foreign government bonds | Debt securities | ||
Investments, Unrealized Loss Position [Line Items] | ||
Available-for-sale securities, less than 12 months, fair value | 10,258 | 5,882 |
Available-for-sale securities, less than 12 months, unrealized losses | (577) | (147) |
Available-for-sale securities, 12 months or more, fair value | 7,792 | 1,140 |
Available-for-sale securities, 12 months or more, unrealized losses | (341) | (13) |
Available-for-sale securities, fair value, total | 18,050 | 7,022 |
Available-for-sale securities, unrealized losses, total | (918) | (160) |
Foreign corporate bonds | ||
Investments, Unrealized Loss Position [Line Items] | ||
Held-to-maturity securities, 12 months or more, fair value | 0 | |
Held-to-maturity securities, 12 months or more , unrealized losses | 0 | |
Foreign corporate bonds | Debt securities | ||
Investments, Unrealized Loss Position [Line Items] | ||
Available-for-sale securities, less than 12 months, fair value | 27,944 | 127,369 |
Available-for-sale securities, less than 12 months, unrealized losses | (143) | (2,535) |
Available-for-sale securities, 12 months or more, fair value | 24,662 | 30,919 |
Available-for-sale securities, 12 months or more, unrealized losses | (576) | (650) |
Available-for-sale securities, fair value, total | 52,606 | 158,288 |
Available-for-sale securities, unrealized losses, total | ¥ (719) | ¥ (3,185) |
Leases (Leased Assets under Cap
Leases (Leased Assets under Capital Leases) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Capital Leased Assets [Line Items] | ||
Accumulated amortization | ¥ (53,330) | ¥ (96,270) |
Leased assets under capital leases, Net | 18,335 | 34,242 |
Machinery, equipment and others | ||
Capital Leased Assets [Line Items] | ||
Leased assets under capital leases | 66,722 | 123,816 |
Film costs | ||
Capital Leased Assets [Line Items] | ||
Leased assets under capital leases | ¥ 4,943 | ¥ 6,696 |
Leases (Future Minimum Lease Pa
Leases (Future Minimum Lease Payments under Capital Leases with Present Value of Net Minimum Lease Payments) (Detail) ¥ in Millions | Mar. 31, 2017JPY (¥) |
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments, Fiscal Year Maturity [Abstract] | |
2,018 | ¥ 7,686 |
2,019 | 6,765 |
2,020 | 6,039 |
2,021 | 5,095 |
2,022 | 2,857 |
Later fiscal years | 5,098 |
Total minimum lease payments | 33,540 |
Less - Amount representing interest | 2,310 |
Present value of net minimum lease payments | 31,230 |
Less - Current obligations | 7,344 |
Long-term capital lease obligations | 23,886 |
Present value of net minimum lease payments | ¥ 31,230 |
Leases (Minimum Rental Payments
Leases (Minimum Rental Payments Required under Operating Leases that have Initial or Remaining Noncancelable Lease Terms in Excess of One Year) (Detail) ¥ in Millions | Mar. 31, 2017JPY (¥) |
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] | |
2,018 | ¥ 54,727 |
2,019 | 37,464 |
2,020 | 46,378 |
2,021 | 23,647 |
2,022 | 19,044 |
Later fiscal years | 87,260 |
Total minimum future rentals | ¥ 268,520 |
Leases - Additional Information
Leases - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Leases Disclosure [Line Items] | |||
Rental expenses under operating leases | ¥ 77,976 | ¥ 94,000 | ¥ 92,828 |
Sublease rental received under operating leases | 1,157 | 1,138 | 1,180 |
Total minimum rentals to be received in future under noncancelable subleases for operating leases | 1,831 | ||
Sale and Leaseback Transactions Regarding Certain Machinery and Equipment with SFI Leasing Company, Limited | |||
Leases Disclosure [Line Items] | |||
Net cash proceeds from sale and leaseback transaction | ¥ 2,679 | ¥ 1,856 | ¥ 8,391 |
Sale and leaseback transaction, average terms | 2 years | 2 years | 2 years |
Goodwill and Intangible Asset77
Goodwill and Intangible Assets - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Goodwill and Intangible Assets Disclosure [Line Items] | |||
Finite and indefinite lived intangible assets acquired | ¥ 109,726 | ||
Acquired finite lived intangible assets subject to amortization | 109,492 | ||
Aggregate amortization expense for intangible assets | 121,634 | ¥ 125,616 | ¥ 132,228 |
Impairments | 112,069 | ||
Goodwill | 522,538 | 606,290 | 561,255 |
Mobile Communications | |||
Goodwill and Intangible Assets Disclosure [Line Items] | |||
Impairments | 176,045 | ||
Goodwill | 3,286 | 3,286 | 3,286 |
Pictures | |||
Goodwill and Intangible Assets Disclosure [Line Items] | |||
Impairments | 112,069 | ||
Goodwill | ¥ 138,153 | ¥ 221,517 | ¥ 224,239 |
Goodwill and Intangible Asset78
Goodwill and Intangible Assets (Acquired Intangible Assets and Weighted-Average Amortization Period) (Detail) ¥ in Millions | 12 Months Ended |
Mar. 31, 2017JPY (¥) | |
Acquired Finite-Lived Intangible Assets [Line Items] | |
Intangible assets acquired | ¥ 109,492 |
Patent rights, know-how and license agreements | |
Acquired Finite-Lived Intangible Assets [Line Items] | |
Intangible assets acquired | ¥ 4,417 |
Weighted-average amortization period | 7 years |
Software to be sold, leased or otherwise marketed | |
Acquired Finite-Lived Intangible Assets [Line Items] | |
Intangible assets acquired | ¥ 17,004 |
Weighted-average amortization period | 3 years |
Internal-use software | |
Acquired Finite-Lived Intangible Assets [Line Items] | |
Intangible assets acquired | ¥ 58,097 |
Weighted-average amortization period | 5 years |
Other | |
Acquired Finite-Lived Intangible Assets [Line Items] | |
Intangible assets acquired | ¥ 29,974 |
Weighted-average amortization period | 11 years |
Goodwill and Intangible Asset79
Goodwill and Intangible Assets (Intangible Assets Subject to Amortization) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | ¥ 1,364,609 | ¥ 1,347,081 |
Accumulated amortization | (872,587) | (823,512) |
Patent rights, know-how and license agreements | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 317,337 | 337,675 |
Accumulated amortization | (251,401) | (223,738) |
Customer relationships | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 37,289 | 36,925 |
Accumulated amortization | (15,585) | (12,531) |
Trademarks | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 31,630 | 29,825 |
Accumulated amortization | (15,554) | (12,979) |
Software to be sold, leased or otherwise marketed | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 117,897 | 126,743 |
Accumulated amortization | (86,661) | (94,009) |
Internal-use software | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 473,750 | 448,109 |
Accumulated amortization | (310,408) | (297,057) |
Music catalogs | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 218,321 | 217,056 |
Accumulated amortization | (95,367) | (91,303) |
Artist contracts | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 31,393 | 31,923 |
Accumulated amortization | (29,001) | (28,857) |
Television carriage contracts (broadcasting agreements) | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 74,780 | 59,607 |
Accumulated amortization | (21,986) | (15,563) |
Other | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 62,212 | 59,218 |
Accumulated amortization | ¥ (46,624) | ¥ (47,475) |
Goodwill and Intangible Asset80
Goodwill and Intangible Assets (Estimated Aggregate Amortization Expense for Intangible Assets) (Detail) ¥ in Millions | Mar. 31, 2017JPY (¥) |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |
2,018 | ¥ 104,291 |
2,019 | 74,247 |
2,020 | 56,934 |
2,021 | 42,996 |
2,022 | ¥ 30,253 |
Goodwill and Intangible Asset81
Goodwill and Intangible Assets (Total Carrying Amount of Intangible Assets Having Indefinite Life) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Indefinite-lived Intangible Assets [Line Items] | ||
Carrying amount of intangible assets having an indefinite life | ¥ 92,163 | ¥ 92,185 |
Trademarks | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Carrying amount of intangible assets having an indefinite life | 70,220 | 70,081 |
Distribution agreements | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Carrying amount of intangible assets having an indefinite life | 18,834 | 18,834 |
Other | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Carrying amount of intangible assets having an indefinite life | ¥ 3,109 | ¥ 3,270 |
Goodwill and Intangible Asset82
Goodwill and Intangible Assets (Changes in Carrying Amount of Goodwill by Segment) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | ||||
Goodwill [Line Items] | ||||||
Goodwill - gross | ¥ 813,353 | ¥ 768,318 | ||||
Accumulated impairments | (207,063) | (207,063) | ||||
Goodwill | 606,290 | 561,255 | ||||
Increase (decrease) due to: | ||||||
Acquisitions | 37,113 | [1] | 72,792 | [2] | ||
Sales and dispositions | (60) | |||||
Impairments | (112,069) | |||||
Translation adjustments | (4,578) | (27,757) | ||||
Other | (4,158) | |||||
Goodwill - gross | 837,533 | 813,353 | ¥ 768,318 | |||
Accumulated impairments | (314,995) | (207,063) | (207,063) | |||
Goodwill | 522,538 | 606,290 | 561,255 | |||
Mobile Communications | ||||||
Goodwill [Line Items] | ||||||
Goodwill - gross | 179,331 | 179,331 | ||||
Accumulated impairments | (176,045) | (176,045) | ||||
Goodwill | 3,286 | 3,286 | ||||
Increase (decrease) due to: | ||||||
Impairments | (176,045) | |||||
Goodwill - gross | 179,331 | 179,331 | 179,331 | |||
Accumulated impairments | (176,045) | (176,045) | (176,045) | |||
Goodwill | 3,286 | 3,286 | 3,286 | |||
Game & Network Services | ||||||
Goodwill [Line Items] | ||||||
Goodwill - gross | 152,293 | 154,399 | ||||
Goodwill | 152,293 | 154,399 | ||||
Increase (decrease) due to: | ||||||
Translation adjustments | (355) | (2,106) | ||||
Goodwill - gross | 151,938 | 152,293 | 154,399 | |||
Goodwill | 151,938 | 152,293 | 154,399 | |||
Imaging Products & Solutions | ||||||
Goodwill [Line Items] | ||||||
Goodwill - gross | 8,637 | 7,186 | ||||
Accumulated impairments | (300) | (300) | ||||
Goodwill | 8,337 | 6,886 | ||||
Increase (decrease) due to: | ||||||
Acquisitions | [2] | 1,589 | ||||
Translation adjustments | (186) | (138) | ||||
Goodwill - gross | 8,451 | 8,637 | 7,186 | |||
Accumulated impairments | (300) | (300) | (300) | |||
Goodwill | 8,151 | 8,337 | 6,886 | |||
Home Entertainment & Sound | ||||||
Goodwill [Line Items] | ||||||
Goodwill - gross | 5,320 | 5,320 | ||||
Accumulated impairments | (5,320) | (5,320) | ||||
Increase (decrease) due to: | ||||||
Goodwill - gross | 5,320 | 5,320 | 5,320 | |||
Accumulated impairments | (5,320) | (5,320) | (5,320) | |||
Semiconductors | ||||||
Goodwill [Line Items] | ||||||
Goodwill - gross | 49,621 | 33,006 | ||||
Goodwill | 49,621 | 33,006 | ||||
Increase (decrease) due to: | ||||||
Acquisitions | [2] | 18,035 | ||||
Translation adjustments | (77) | (1,420) | ||||
Other | (1,475) | |||||
Goodwill - gross | 48,069 | 49,621 | 33,006 | |||
Goodwill | 48,069 | 49,621 | 33,006 | |||
Components | ||||||
Goodwill [Line Items] | ||||||
Goodwill - gross | 7,150 | 4,756 | ||||
Goodwill | 7,150 | 4,756 | ||||
Increase (decrease) due to: | ||||||
Acquisitions | [2] | 2,599 | ||||
Translation adjustments | (11) | (205) | ||||
Other | (2,683) | |||||
Goodwill - gross | 4,456 | 7,150 | 4,756 | |||
Goodwill | 4,456 | 7,150 | 4,756 | |||
Pictures | ||||||
Goodwill [Line Items] | ||||||
Goodwill - gross | 221,517 | 224,239 | ||||
Goodwill | 221,517 | 224,239 | ||||
Increase (decrease) due to: | ||||||
Acquisitions | 29,363 | [1] | 12,082 | [2] | ||
Sales and dispositions | (60) | |||||
Impairments | (112,069) | |||||
Translation adjustments | (598) | (14,804) | ||||
Goodwill - gross | 246,085 | 221,517 | 224,239 | |||
Accumulated impairments | (107,932) | |||||
Goodwill | 138,153 | 221,517 | 224,239 | |||
Music | ||||||
Goodwill [Line Items] | ||||||
Goodwill - gross | 162,078 | 132,675 | ||||
Accumulated impairments | (306) | (306) | ||||
Goodwill | 161,772 | 132,369 | ||||
Increase (decrease) due to: | ||||||
Acquisitions | 7,689 | [1] | 38,487 | [2] | ||
Translation adjustments | (3,351) | (9,084) | ||||
Goodwill - gross | 166,416 | 162,078 | 132,675 | |||
Accumulated impairments | (306) | (306) | (306) | |||
Goodwill | 166,110 | 161,772 | 132,369 | |||
Financial Services | ||||||
Goodwill [Line Items] | ||||||
Goodwill - gross | 3,020 | 3,020 | ||||
Accumulated impairments | (706) | (706) | ||||
Goodwill | 2,314 | 2,314 | ||||
Increase (decrease) due to: | ||||||
Acquisitions | [1] | 61 | ||||
Goodwill - gross | 3,081 | 3,020 | 3,020 | |||
Accumulated impairments | (706) | (706) | (706) | |||
Goodwill | 2,375 | 2,314 | 2,314 | |||
All Other | ||||||
Goodwill [Line Items] | ||||||
Goodwill - gross | 24,386 | 24,386 | ||||
Accumulated impairments | (24,386) | (24,386) | ||||
Increase (decrease) due to: | ||||||
Goodwill - gross | 24,386 | 24,386 | 24,386 | |||
Accumulated impairments | ¥ (24,386) | ¥ (24,386) | ¥ (24,386) | |||
[1] | Acquisitions for the fiscal year ended March 31, 2017 relate mainly to the TEN Sports Network acquisition in the Pictures segment. Refer to Note 24. | |||||
[2] | Acquisitions for the fiscal year ended March 31, 2016 relate mainly to the Altair Semiconductor Ltd. ("Altair") acquisition in the Semiconductors segment and the Components segment, and the Orchard Media, Inc. ("The Orchard") acquisition in the Music segment. Refer to Note 24. |
Insurance-Related Accounts - Ad
Insurance-Related Accounts - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Liability for Future Policy Benefit, by Product Segment [Line Items] | |||
Combined amounts of statutory net equity of insurance subsidiaries which is not measured in accordance with U.S. GAAP | ¥ 502,999 | ¥ 510,501 | |
Life insurance revenues | 754,242 | 803,549 | ¥ 693,132 |
Non-life insurance revenues | 97,581 | 93,928 | 90,431 |
Amortization of deferred insurance acquisition costs charged to income | 36,130 | 92,203 | ¥ 56,530 |
Future insurance policy benefits | ¥ 4,823,687 | ¥ 4,497,951 | |
Minimum | |||
Liability for Future Policy Benefit, by Product Segment [Line Items] | |||
Interest rates for future policy benefit based on market conditions and expected investment returns | 1.00% | ||
Minimum | Interest Sensitive Whole Life Contracts | |||
Liability for Future Policy Benefit, by Product Segment [Line Items] | |||
Credited interest rates associated with policyholder contract deposits | 1.80% | ||
Minimum | Investment Contracts | |||
Liability for Future Policy Benefit, by Product Segment [Line Items] | |||
Credited interest rates associated with policyholder contract deposits | 0.01% | ||
Maximum | |||
Liability for Future Policy Benefit, by Product Segment [Line Items] | |||
Interest rates for future policy benefit based on market conditions and expected investment returns | 4.50% | ||
Maximum | Interest Sensitive Whole Life Contracts | |||
Liability for Future Policy Benefit, by Product Segment [Line Items] | |||
Credited interest rates associated with policyholder contract deposits | 2.00% | ||
Maximum | Investment Contracts | |||
Liability for Future Policy Benefit, by Product Segment [Line Items] | |||
Credited interest rates associated with policyholder contract deposits | 6.30% |
Insurance-Related Accounts (Pol
Insurance-Related Accounts (Policyholders' Account in Life Insurance Business) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Policyholders Account In Life Insurance Business [Abstract] | ||
Policyholders' account in the life insurance business | ¥ 2,631,073 | ¥ 2,401,320 |
Universal Life Insurance | ||
Policyholders Account In Life Insurance Business [Abstract] | ||
Policyholders' account in the life insurance business | 1,809,142 | 1,634,642 |
Investment Contracts | ||
Policyholders Account In Life Insurance Business [Abstract] | ||
Policyholders' account in the life insurance business | 686,182 | 638,737 |
Other | ||
Policyholders Account In Life Insurance Business [Abstract] | ||
Policyholders' account in the life insurance business | ¥ 135,749 | ¥ 127,941 |
Short-Term Borrowings and Lon85
Short-Term Borrowings and Long-Term Debt (Short-Term Borrowings) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Short-term Debt [Line Items] | ||
Short-term borrowings | ¥ 464,655 | ¥ 149,272 |
Unsecured loans, weighted-average interest rate of 7.70% | ||
Short-term Debt [Line Items] | ||
Short-term borrowings | 86,467 | |
Unsecured Loans Weighted Average Interest Rate 7.29% | ||
Short-term Debt [Line Items] | ||
Short-term borrowings | 64,046 | |
Secured Loans Weighted Average Interest Rate 0.00% | ||
Short-term Debt [Line Items] | ||
Short-term borrowings | 20,000 | |
Repurchase agreement, weighted average interest rate of 0.01% | ||
Short-term Debt [Line Items] | ||
Short-term borrowings | 310,609 | ¥ 62,805 |
Secured Call Money Weighted Average Interest Rate 0.08% | ||
Short-term Debt [Line Items] | ||
Short-term borrowings | ¥ 70,000 |
Short-Term Borrowings and Lon86
Short-Term Borrowings and Long-Term Debt (Short-Term Borrowings) (Parenthetical) (Detail) | Mar. 31, 2017 | Mar. 31, 2016 |
Unsecured loans, weighted-average interest rate of 7.70% | ||
Short-term Debt [Line Items] | ||
Debt weighted-average interest rate | 7.70% | |
Unsecured Loans Weighted Average Interest Rate 7.29% | ||
Short-term Debt [Line Items] | ||
Debt weighted-average interest rate | 7.29% | |
Secured Loans Weighted Average Interest Rate 0.00% | ||
Short-term Debt [Line Items] | ||
Debt weighted-average interest rate | 0.00% | |
Repurchase agreement, weighted average interest rate of 0.01% | ||
Short-term Debt [Line Items] | ||
Debt weighted-average interest rate | 0.01% | 0.01% |
Secured Call Money Weighted Average Interest Rate 0.08% | ||
Short-term Debt [Line Items] | ||
Debt weighted-average interest rate | (0.08%) |
Short-Term Borrowings and Lon87
Short-Term Borrowings and Long-Term Debt - Additional Information (Detail) ¥ / shares in Units, ¥ in Millions, $ in Millions | Jul. 21, 2015JPY (¥)¥ / shares | Sep. 30, 2016USD ($) | Mar. 31, 2016USD ($) | Mar. 31, 2012USD ($) | Mar. 31, 2017JPY (¥) | Sep. 30, 2016JPY (¥) | Mar. 31, 2016JPY (¥) |
Debt Instrument [Line Items] | |||||||
Short-term borrowings | ¥ 464,655 | ¥ 149,272 | |||||
Unsecured bank loans in connection with acquiring Ericsson's 50% equity interest in Sony Ericsson | $ | $ 1,365 | ||||||
Unsecured bank loans in connection with acquiring Ericsson's 50% equity interest in Sony Ericsson, repayment amount | $ | $ 683 | $ 682 | |||||
Long-term debt including current portion | 734,886 | 744,273 | |||||
Securities Pledged as Collateral | |||||||
Debt Instrument [Line Items] | |||||||
Long-term borrowings | 50,000 | ||||||
Pledged housing loans, book value | 87,627 | ||||||
Minimum | |||||||
Debt Instrument [Line Items] | |||||||
Unsecured bank loans in connection with acquiring Ericsson's 50% equity interest in Sony Ericsson, maturity terms | 6 years | ||||||
Maximum | |||||||
Debt Instrument [Line Items] | |||||||
Unsecured bank loans in connection with acquiring Ericsson's 50% equity interest in Sony Ericsson, maturity terms | 10 years | ||||||
Committed Lines of Credit | |||||||
Debt Instrument [Line Items] | |||||||
Line of credit facility, remaining borrowing capacity | ¥ 524,880 | ||||||
Line of credit facility, period up to which company can borrow | 180 days | ||||||
Commercial Paper Programs | |||||||
Debt Instrument [Line Items] | |||||||
Line of credit facility, remaining borrowing capacity | ¥ 836,570 | ||||||
Line of credit facility, period up to which company can borrow | 270 days | ||||||
Repurchase agreement, weighted average interest rate of 0.01% | |||||||
Debt Instrument [Line Items] | |||||||
Short-term borrowings | ¥ 310,609 | 62,805 | |||||
Securities investments pledged as collateral, book value | 247,961 | ||||||
Cash settlements, variation margins of futures markets and certain other purposes | |||||||
Debt Instrument [Line Items] | |||||||
Marketable securities and securities investments pledged as collateral, book value | 14,330 | ||||||
Secured Loans Weighted Average Interest Rate 0.00% | |||||||
Debt Instrument [Line Items] | |||||||
Marketable securities and securities investments pledged as collateral, book value | 61,994 | ||||||
Short-term borrowings | 20,000 | ||||||
Secured Loans Weighted Average Interest Rate 0.00% | Securities Pledged as Collateral | |||||||
Debt Instrument [Line Items] | |||||||
Short-term borrowings | 20,000 | ||||||
Long-term borrowings | 20,000 | ||||||
Secured Call Money Weighted Average Interest Rate 0.08% | |||||||
Debt Instrument [Line Items] | |||||||
Short-term borrowings | 70,000 | ||||||
Secured Call Money Weighted Average Interest Rate 0.08% | Securities Pledged as Collateral | |||||||
Debt Instrument [Line Items] | |||||||
Marketable securities and securities investments pledged as collateral, book value | 88,007 | ||||||
Unsecured zero coupon convertible bonds, due 2022 | |||||||
Debt Instrument [Line Items] | |||||||
Long-term debt including current portion | ¥ 120,000 | ¥ 120,000 | ¥ 120,000 | ||||
Debt instrument interest rate | 130.00% | ||||||
Stock acquisition rights, start date | Sep. 1, 2015 | ||||||
Conversion price per common share | ¥ / shares | ¥ 5,008 | ||||||
Amount in excess of dividends for which conversion price is adjusted | ¥ / shares | ¥ 25 | ||||||
Debt instrument outstanding percentage | 100.00% | ||||||
Debt instrument redeemable date | Jul. 21, 2020 | ||||||
Debt instrument conversion price percentage on consecutive trading days | 130.00% | ||||||
Debt instrument, convertible, consecutive trading days | 20 days | ||||||
Basis for conversion bonds outstanding | If the closing sales price per share of Sony's common stock on the Tokyo Stock Exchange is 130% or more of the conversion price of the Zero Coupon Convertible Bonds for 20 consecutive trading days. | ||||||
Unsecured zero coupon convertible bonds, due 2022 | Minimum | |||||||
Debt Instrument [Line Items] | |||||||
Stock acquisition rights, end date | Sep. 28, 2022 | ||||||
Unsecured zero coupon convertible bonds, due 2022 | Maximum | |||||||
Debt Instrument [Line Items] | |||||||
Conversion price per common share | ¥ / shares | ¥ 3,526.5 | ||||||
Unsecured Debt | |||||||
Debt Instrument [Line Items] | |||||||
Aggregate principal amount newly issued for repayment of borrowings and debt | ¥ 200,000 |
Short-Term Borrowings and Lon88
Short-Term Borrowings and Long-Term Debt (Long-Term Debt) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 | Jul. 21, 2015 |
Debt Instrument [Line Items] | |||
Long-term debt including current portion | ¥ 734,886 | ¥ 744,273 | |
Less - Portion due within one year | 53,424 | 187,668 | |
Total | 681,462 | 556,605 | |
Unsecured loans, due 2016 to 2024, with interest rates ranging from 0.27% to 5.47% per annum | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 237,850 | ||
Unsecured loans, due 2017 to 2024, with interest rates ranging from 0.24% to 5.10% per annum | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 63,248 | ||
Unsecured 0.55% bonds, due 2016 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 10,000 | ||
Unsecured 0.66% bonds, due 2017 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 45,000 | ||
Unsecured 0.43% bonds, due 2018 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 10,000 | 10,000 | |
Unsecured 0.86% bonds, due 2018 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 150,000 | 150,000 | |
Unsecured 2.00% bonds, due 2018 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 16,300 | 16,300 | |
Unsecured 0.05% bonds, due 2019 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 69,793 | ||
Unsecured 2.07% bonds, due 2019 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 50,000 | 50,000 | |
Unsecured 0.23% bonds, due 2021 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 89,670 | ||
Unsecured 1.41% bonds, due 2022 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 10,000 | 10,000 | |
Unsecured 0.28% bonds, due 2023 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 15,000 | ||
Unsecured 0.42% bonds, due 2026 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 24,887 | ||
Unsecured zero coupon convertible bonds, due 2022 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 120,000 | 120,000 | ¥ 120,000 |
Secured 0.10% loans, due 2016 to 2019 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 40,000 | ||
Secured 0.00% loans, due 2019 to 2020 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 70,000 | ||
Capital lease obligation and other, due 2016 to 2024 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 43,248 | ||
Capital lease obligation and other, due 2017 to 2027 | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | 34,224 | ||
Guarantee deposits received | |||
Debt Instrument [Line Items] | |||
Long-term debt including current portion | ¥ 11,764 | ¥ 11,875 |
Short-Term Borrowings and Lon89
Short-Term Borrowings and Long-Term Debt (Long-Term Debt) (Parenthetical) (Detail) | Mar. 31, 2017 |
Unsecured loans, due 2016 to 2024, with interest rates ranging from 0.27% to 5.47% per annum | Minimum | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 0.27% |
Unsecured loans, due 2016 to 2024, with interest rates ranging from 0.27% to 5.47% per annum | Maximum | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 5.47% |
Unsecured loans, due 2017 to 2024, with interest rates ranging from 0.24% to 5.10% per annum | Minimum | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 0.24% |
Unsecured loans, due 2017 to 2024, with interest rates ranging from 0.24% to 5.10% per annum | Maximum | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 5.10% |
Unsecured 0.55% bonds, due 2016 | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 0.55% |
Unsecured 0.66% bonds, due 2017 | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 0.66% |
Unsecured 0.43% bonds, due 2018 | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 0.43% |
Unsecured 0.86% bonds, due 2018 | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 0.86% |
Unsecured 2.00% bonds, due 2018 | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 2.00% |
Unsecured 0.05% bonds, due 2019 | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 0.05% |
Unsecured 2.07% bonds, due 2019 | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 2.07% |
Unsecured 0.23% bonds, due 2021 | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 0.23% |
Unsecured 1.41% bonds, due 2022 | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 1.41% |
Unsecured 0.28% bonds, due 2023 | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 0.28% |
Unsecured 0.42% bonds, due 2026 | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 0.42% |
Secured 0.10% loans, due 2016 to 2019 | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 0.10% |
Secured 0.00% loans, due 2019 to 2020 | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 0.00% |
Capital lease obligation and other, due 2016 to 2024 | Minimum | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 0.36% |
Capital lease obligation and other, due 2016 to 2024 | Maximum | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 9.99% |
Capital lease obligation and other, due 2017 to 2027 | Minimum | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 0.36% |
Capital lease obligation and other, due 2017 to 2027 | Maximum | |
Debt Instrument [Line Items] | |
Debt instrument interest rate | 8.90% |
Short-Term Borrowings and Lon90
Short-Term Borrowings and Long-Term Debt (Aggregate Amounts of Annual Maturities of Long-Term Debt) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Debt Disclosure [Abstract] | ||
2,017 | ¥ 53,424 | |
2,018 | 203,639 | |
2,019 | 145,667 | |
2,020 | 55,000 | |
2,021 | 102,517 | |
Later fiscal years | 174,639 | |
Total | ¥ 734,886 | ¥ 744,273 |
Housing Loans and Deposits fr91
Housing Loans and Deposits from Customers in the Banking Business - Additional Information (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Housing Loans And Deposits From Customers [Abstract] | ||
Housing loans in the banking business, Carrying amount | ¥ 1,449,790 | ¥ 1,235,311 |
Allowance for credit losses of housing loans in the banking business | 866 | 910 |
Balance of time deposits issued in amounts of 10 million yen or more | ¥ 275,638 | ¥ 247,766 |
Housing Loans and Deposits fr92
Housing Loans and Deposits from Customers in the Banking Business (Aggregate Amounts of Annual Maturities of Time Deposits with Remaining Term of More Than One Year) (Detail) ¥ in Millions | Mar. 31, 2017JPY (¥) |
Interest-bearing Deposit Liabilities [Abstract] | |
2,019 | ¥ 59,777 |
2,020 | 15,411 |
2,021 | 13,443 |
2,022 | 9,390 |
2,023 | 10,619 |
Later fiscal years | 18,771 |
Total | ¥ 127,411 |
Fair Value Measurements (Fair V
Fair Value Measurements (Fair Value of Assets and Liabilities Measured on Recurring Basis) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading securities | ¥ 921,320 | ¥ 799,241 | ||
Derivative assets | 27,260 | 17,828 | ||
Derivative liabilities | 34,450 | 49,135 | ||
Fair Value, Measurements, Recurring | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading securities | 921,320 | 799,241 | ||
Other investments | [1] | 21,597 | 24,669 | |
Derivative assets | [2] | 27,260 | 17,828 | |
Total assets | 3,111,180 | 2,977,805 | ||
Derivative liabilities | [2] | 34,450 | 49,135 | |
Total liabilities | 34,450 | 49,135 | ||
Fair Value, Measurements, Recurring | Japanese national government bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 1,343,401 | 1,355,335 | ||
Fair Value, Measurements, Recurring | Japanese local government bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 60,531 | 60,539 | ||
Fair Value, Measurements, Recurring | Japanese corporate bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 169,803 | 143,981 | ||
Fair Value, Measurements, Recurring | Foreign government bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 27,042 | [3] | 41,460 | |
Fair Value, Measurements, Recurring | Foreign corporate bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 399,546 | [4] | 418,547 | |
Fair Value, Measurements, Recurring | Other | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 15,192 | [5] | 884 | |
Fair Value, Measurements, Recurring | Equity securities | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 125,488 | 115,321 | ||
Marketable securities | Fair Value, Measurements, Recurring | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading securities | 921,320 | 799,241 | ||
Total assets | 1,044,469 | 943,556 | ||
Marketable securities | Fair Value, Measurements, Recurring | Japanese national government bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 18,483 | 5,084 | ||
Marketable securities | Fair Value, Measurements, Recurring | Japanese local government bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 8,518 | 6,515 | ||
Marketable securities | Fair Value, Measurements, Recurring | Japanese corporate bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 8,433 | 5,727 | ||
Marketable securities | Fair Value, Measurements, Recurring | Foreign government bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 1,007 | [3] | 2,309 | |
Marketable securities | Fair Value, Measurements, Recurring | Foreign corporate bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 86,708 | [4] | 124,680 | |
Securities investments and other | Fair Value, Measurements, Recurring | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Other investments | [1] | 21,597 | 24,669 | |
Total assets | 2,039,451 | 2,016,421 | ||
Securities investments and other | Fair Value, Measurements, Recurring | Japanese national government bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 1,324,918 | 1,350,251 | ||
Securities investments and other | Fair Value, Measurements, Recurring | Japanese local government bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 52,013 | 54,024 | ||
Securities investments and other | Fair Value, Measurements, Recurring | Japanese corporate bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 161,370 | 138,254 | ||
Securities investments and other | Fair Value, Measurements, Recurring | Foreign government bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 26,035 | [3] | 39,151 | |
Securities investments and other | Fair Value, Measurements, Recurring | Foreign corporate bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 312,838 | [4] | 293,867 | |
Securities investments and other | Fair Value, Measurements, Recurring | Other | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 15,192 | [5] | 884 | |
Securities investments and other | Fair Value, Measurements, Recurring | Equity securities | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 125,488 | 115,321 | ||
Other current assets/Liabilities | Fair Value, Measurements, Recurring | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative assets | [2] | 25,409 | 17,257 | |
Total assets | 25,409 | 17,257 | ||
Derivative liabilities | [2] | 15,743 | 20,680 | |
Total liabilities | 15,743 | 20,680 | ||
Other noncurrent assets/Liabilities | Fair Value, Measurements, Recurring | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative assets | [2] | 1,851 | 571 | |
Total assets | 1,851 | 571 | ||
Derivative liabilities | [2] | 18,707 | 28,455 | |
Total liabilities | 18,707 | 28,455 | ||
Level 1 | Fair Value, Measurements, Recurring | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading securities | 611,108 | 501,448 | ||
Other investments | [1] | 6,589 | 7,179 | |
Derivative assets | [2] | 981 | 437 | |
Total assets | 743,984 | 624,264 | ||
Derivative liabilities | [2] | 520 | 668 | |
Total liabilities | 520 | 668 | ||
Level 1 | Fair Value, Measurements, Recurring | Equity securities | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 125,306 | 115,200 | ||
Level 2 | Fair Value, Measurements, Recurring | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading securities | 310,212 | 297,793 | ||
Other investments | [1] | 4,525 | 4,027 | |
Derivative assets | [2] | 26,279 | 17,391 | |
Total assets | 2,299,034 | 2,319,995 | ||
Derivative liabilities | [2] | 33,930 | 48,467 | |
Total liabilities | 33,930 | 48,467 | ||
Level 2 | Fair Value, Measurements, Recurring | Japanese national government bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 1,343,401 | 1,355,335 | ||
Level 2 | Fair Value, Measurements, Recurring | Japanese local government bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 60,531 | 60,539 | ||
Level 2 | Fair Value, Measurements, Recurring | Japanese corporate bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 168,493 | 140,635 | ||
Level 2 | Fair Value, Measurements, Recurring | Foreign government bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 27,042 | [3] | 41,460 | |
Level 2 | Fair Value, Measurements, Recurring | Foreign corporate bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 358,369 | [4] | 402,694 | |
Level 2 | Fair Value, Measurements, Recurring | Equity securities | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 182 | 121 | ||
Level 3 | Fair Value, Measurements, Recurring | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Other investments | [1] | 10,483 | 13,463 | |
Total assets | 68,162 | 33,546 | ||
Level 3 | Fair Value, Measurements, Recurring | Japanese corporate bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 1,310 | 3,346 | ||
Level 3 | Fair Value, Measurements, Recurring | Foreign corporate bonds | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 41,177 | [4] | 15,853 | |
Level 3 | Fair Value, Measurements, Recurring | Other | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | ¥ 15,192 | [5] | ¥ 884 | |
[1] | Other investments include certain hybrid financial instruments and certain private equity investments. | |||
[2] | Derivative assets and liabilities are recognized and disclosed on a gross basis. | |||
[3] | 2,215 million yen are included in foreign securities for which the fair value option has been elected and classified in level 2 and are included in the consolidated balance sheets as securities investments and other. | |||
[4] | 165,236 million yen are included in foreign securities for which the fair value option has been elected and classified in level 2. 32,167 million yen are included in the consolidated balance sheets as marketable securities and 133,069 million yen are included in the consolidated balance sheets as securities investments and other. | |||
[5] | 14,619 million yen are included in foreign securities for which the fair value option has been elected and classified in level 3 and are included in the consolidated balance sheets as securities investments and other. |
Fair Value Measurements (Fair94
Fair Value Measurements (Fair Value of Assets and Liabilities Measured on Recurring Basis) (Parenthetical) (Detail) ¥ in Millions | 12 Months Ended |
Mar. 31, 2017JPY (¥) | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Gains (losses) from financial instruments for which fair value option has been elected | ¥ 502 |
Level 2 | Fair Value, Measurements, Recurring | Foreign corporate bonds: foreign securities for which fair value option has been elected | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Available-for-sale securities | 165,236 |
Level 2 | Marketable securities | Fair Value, Measurements, Recurring | Foreign corporate bonds: foreign securities for which fair value option has been elected | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Available-for-sale securities | 32,167 |
Level 2 | Securities investments and other | Fair Value, Measurements, Recurring | Foreign government bonds: foreign securities for which fair value option has been elected | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Available-for-sale securities | 2,215 |
Level 2 | Securities investments and other | Fair Value, Measurements, Recurring | Foreign corporate bonds: foreign securities for which fair value option has been elected | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Available-for-sale securities | 133,069 |
Level 3 | Securities investments and other | Fair Value, Measurements, Recurring | Other: foreign securities for which fair value option has been elected | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Available-for-sale securities | ¥ 14,619 |
Fair Value Measurements - Addit
Fair Value Measurements - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Transfers into level 1 | ¥ 2,833 | ¥ 3,556 | |
Transfers out of level 1 | 3,103 | 2,716 | |
Impairments | 112,069 | ||
Mobile Communications | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impairments | ¥ 176,045 | ||
Mobile Communications | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements, discount rate | 12.00% | ||
Mobile Communications | Minimum | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements, projected revenue growth rate | (3.00%) | ||
Mobile Communications | Maximum | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements, projected revenue growth rate | 11.00% | ||
Home Entertainment & Sound | LCD Television Assets Group | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impairment of long-lived assets | ¥ 4,929 | ||
All Other | Disc Manufacturing Business | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impairment of long-lived assets | ¥ 8,608 | ||
All Other | Disc Manufacturing Business | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements, discount rate | 10.00% | ||
All Other | Disc Manufacturing Business | Minimum | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements, projected revenue decline rate | (5.00%) | ||
All Other | Disc Manufacturing Business | Maximum | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements, projected revenue decline rate | (9.00%) | ||
Components | Battery Business Asset Group | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impairment of long-lived assets | ¥ 30,643 | ||
Components | Battery Business Asset Group | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements, discount rate | 10.00% | ||
Components | Battery Business Asset Group | Minimum | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements, projected revenue growth rate | 0.00% | ||
Components | Battery Business Asset Group | Maximum | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements, projected revenue growth rate | 14.00% | ||
Semiconductors | Camera Module Business Asset Group | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impairment of long-lived assets | ¥ 23,860 | ¥ 59,616 | |
Semiconductors | Camera Module Business Asset Group | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements, discount rate | 10.00% | 10.00% | |
Semiconductors | Camera Module Business Asset Group | Minimum | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements, projected revenue growth rate | (1.00%) | 0.00% | |
Semiconductors | Camera Module Business Asset Group | Maximum | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements, projected revenue growth rate | 8.00% | 108.00% | |
Pictures | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impairments | ¥ 112,069 | ||
Pictures | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements, discount rate | 9.50% | ||
Fair value measurements, earnings multiple | 9 | ||
Pictures | Minimum | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements, projected revenue growth rate | 3.00% | ||
Pictures | Maximum | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair value measurements, projected revenue growth rate | 4.50% |
Fair Value Measurements (Change
Fair Value Measurements (Changes in Fair Value of Level Three Assets and Liabilities) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | ||
Other Investments | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Beginning balance | ¥ 13,463 | ¥ 74,641 | |
Total realized and unrealized gains (losses), included in earnings | [1] | 328 | (2,653) |
Total realized and unrealized gains (losses), included in other comprehensive income (loss) | [2] | (2,416) | (2,316) |
Purchases | 247 | 657 | |
Settlements | (1,139) | (56,866) | |
Ending balance | 10,483 | 13,463 | |
Changes in unrealized gains (losses) relating to instruments still held at reporting date included in earnings | [1] | (27) | (2,653) |
Available-for-sale securities | Japanese corporate bonds | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Beginning balance | 3,346 | 3,506 | |
Total realized and unrealized gains (losses), included in earnings | [1] | 6 | |
Total realized and unrealized gains (losses), included in other comprehensive income (loss) | [2] | (20) | 30 |
Purchases | 2,798 | ||
Sales | (3,000) | ||
Transfers into level 3 | [3] | 2,002 | |
Transfers out of level 3 | [4] | (2,016) | (1,996) |
Ending balance | 1,310 | 3,346 | |
Available-for-sale securities | Foreign corporate bonds | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Beginning balance | 15,853 | 9,491 | |
Total realized and unrealized gains (losses), included in earnings | [1] | 1,091 | 458 |
Total realized and unrealized gains (losses), included in other comprehensive income (loss) | [2] | (84) | (791) |
Purchases | 35,335 | 11,214 | |
Sales | (4,872) | ||
Settlements | (10,021) | (641) | |
Transfers into level 3 | [3] | 1,008 | 1,498 |
Transfers out of level 3 | [4] | (2,005) | (504) |
Ending balance | 41,177 | 15,853 | |
Changes in unrealized gains (losses) relating to instruments still held at reporting date included in earnings | [1] | 11 | (56) |
Available-for-sale securities | Other | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Beginning balance | 884 | ||
Total realized and unrealized gains (losses), included in earnings | [1] | 514 | |
Total realized and unrealized gains (losses), included in other comprehensive income (loss) | [2] | (1) | |
Purchases | 14,026 | 1,000 | |
Settlements | (231) | (116) | |
Ending balance | 15,192 | ¥ 884 | |
Changes in unrealized gains (losses) relating to instruments still held at reporting date included in earnings | [1] | ¥ 79 | |
[1] | Earning effects are included in financial services revenue in the consolidated statements of income. | ||
[2] | Unrealized gains (losses) are included in unrealized gains (losses) on securities in the consolidated statements of comprehensive income. | ||
[3] | Certain corporate bonds were transferred out of level 3 because quoted prices became available. | ||
[4] | Certain corporate bonds were transferred into level 3 because differences between the fair value determined by indicative quotes from dealers and the fair value determined by internally developed prices became significant and the observability of the inputs used decreased. |
Fair Value Measurements (Assets
Fair Value Measurements (Assets and Liabilities Remeasured At Fair Value on a Nonrecurring Basis) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nonrecurring changes in fair value, Amounts included in earnings | ¥ (151,206) | ¥ (92,544) |
Fair Value, Measurements, Nonrecurring | Level 3 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-lived assets, Estimated fair value | 72 | 19,680 |
Goodwill, Estimated fair value | 0 | |
Long-lived assets impairments | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nonrecurring changes in fair value, Amounts included in earnings | (39,137) | ¥ (92,544) |
Goodwill impairments | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Nonrecurring changes in fair value, Amounts included in earnings | ¥ (112,069) |
Fair Value Measurements (Estima
Fair Value Measurements (Estimated Fair Values by Fair Value Hierarchy Level of Certain Financial Instruments not Reported at Fair Value) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Housing loans in the banking business, Carrying amount | ¥ 1,449,790 | ¥ 1,235,311 |
Total assets, Carrying amount | 17,660,556 | 16,673,390 |
Long-term debt including the current portion, Carrying amount | 734,886 | 744,273 |
Total liabilities | 14,513,076 | 13,541,502 |
Estimated fair value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Housing loans in the banking business, Estimated fair value | 1,603,784 | 1,369,157 |
Total assets, Estimated fair value | 1,603,784 | 1,369,157 |
Long-term debt including the current portion, Estimated fair value | 745,599 | 755,631 |
Investment contracts included in policyholders' account in the life insurance business, Estimated fair value | 710,191 | 677,375 |
Total liabilities, Estimated fair value | 1,455,790 | 1,433,006 |
Carrying amount | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Housing loans in the banking business, Carrying amount | 1,449,790 | 1,235,311 |
Total assets, Carrying amount | 1,449,790 | 1,235,311 |
Long-term debt including the current portion, Carrying amount | 734,886 | 744,273 |
Investment contracts included in policyholders' account in the life insurance business, Carrying amount | 686,182 | 638,737 |
Total liabilities | 1,421,068 | 1,383,010 |
Level 2 | Estimated fair value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Housing loans in the banking business, Estimated fair value | 1,603,784 | 1,369,157 |
Total assets, Estimated fair value | 1,603,784 | 1,369,157 |
Long-term debt including the current portion, Estimated fair value | 745,599 | 755,631 |
Investment contracts included in policyholders' account in the life insurance business, Estimated fair value | 710,191 | 677,375 |
Total liabilities, Estimated fair value | ¥ 1,455,790 | ¥ 1,433,006 |
Derivative Instruments and He99
Derivative Instruments and Hedging Activities (Estimated Fair Values of Outstanding Derivative Instruments) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Derivatives, Fair Value [Line Items] | ||
Derivative assets | ¥ 27,260 | ¥ 17,828 |
Derivative liabilities | 34,450 | 49,135 |
Designated as hedging instrument | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | 138 | 50 |
Derivative liabilities | 14,241 | 23,270 |
Designated as hedging instrument | Interest rate contracts | Current liabilities: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 497 | 665 |
Designated as hedging instrument | Interest rate contracts | Liabilities: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 13,713 | 22,605 |
Designated as hedging instrument | Interest rate contracts | Prepaid expenses and other current assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | 43 | 16 |
Designated as hedging instrument | Interest rate contracts | Other assets: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | 95 | 33 |
Designated as hedging instrument | Foreign exchange contracts | Current liabilities: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 31 | |
Designated as hedging instrument | Foreign exchange contracts | Prepaid expenses and other current assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | 1 | |
Not designated as hedging instrument | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | 27,122 | 17,778 |
Derivative liabilities | 20,209 | 25,865 |
Not designated as hedging instrument | Interest rate contracts | Current liabilities: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 221 | 38 |
Not designated as hedging instrument | Interest rate contracts | Liabilities: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 4,374 | 5,850 |
Not designated as hedging instrument | Interest rate contracts | Prepaid expenses and other current assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | 3 | |
Not designated as hedging instrument | Interest rate contracts | Other assets: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | 1,599 | 538 |
Not designated as hedging instrument | Foreign exchange contracts | Current liabilities: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 14,475 | 19,309 |
Not designated as hedging instrument | Foreign exchange contracts | Liabilities: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 620 | |
Not designated as hedging instrument | Foreign exchange contracts | Prepaid expenses and other current assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | 24,382 | 16,803 |
Not designated as hedging instrument | Foreign exchange contracts | Other assets: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | 157 | |
Not designated as hedging instrument | Equity Contracts | Current liabilities: Other | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 519 | 668 |
Not designated as hedging instrument | Equity Contracts | Prepaid expenses and other current assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets | ¥ 981 | ¥ 437 |
Derivative Instruments and H100
Derivative Instruments and Hedging Activities (Effects of Derivative Instruments on Consolidated Statements of Income) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion) | ¥ (5,583) | ¥ (3,112) | |
Foreign exchange contracts | Foreign exchange loss, net | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion) | (8) | ||
Foreign exchange contracts | Cost of Sales | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion) | (5,583) | (3,104) | |
Not designated as hedging instrument | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in income on derivative | (12,558) | (12,567) | ¥ 6,012 |
Not designated as hedging instrument | Interest rate contracts | Financial services revenue | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in income on derivative | (935) | (5,499) | (3,579) |
Not designated as hedging instrument | Interest rate contracts | Foreign exchange loss, net | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in income on derivative | 883 | ||
Not designated as hedging instrument | Foreign exchange contracts | Financial services revenue | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in income on derivative | (5,365) | 4,166 | (1,942) |
Not designated as hedging instrument | Foreign exchange contracts | Foreign exchange loss, net | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in income on derivative | 12,339 | (14,501) | 13,375 |
Not designated as hedging instrument | Equity Contracts | Financial services revenue | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in income on derivative | (18,597) | 3,267 | (2,725) |
Fair Value Hedging | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in income on derivative | 1,936 | (8,297) | (8,280) |
Fair Value Hedging | Interest rate contracts | Financial services revenue | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in income on derivative | 1,967 | (8,300) | (8,271) |
Fair Value Hedging | Foreign exchange contracts | Foreign exchange loss, net | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in income on derivative | (31) | 3 | ¥ (9) |
Cash Flow Hedging | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in OCI on derivative | 6,715 | 1,914 | |
Cash Flow Hedging | Foreign exchange contracts | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain or (loss) recognized in OCI on derivative | ¥ 6,715 | ¥ 1,914 |
Derivative Instruments and H101
Derivative Instruments and Hedging Activities (Summary of Derivatives Additional Information Including Notional Amounts) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Foreign exchange forward contracts | ||
Derivative [Line Items] | ||
Notional amount | ¥ 1,062,933 | ¥ 1,030,020 |
Fair value | 3,011 | (5,118) |
Currency option contracts purchased | ||
Derivative [Line Items] | ||
Notional amount | 212 | 211 |
Fair value | 1 | 2 |
Currency option contracts written | ||
Derivative [Line Items] | ||
Notional amount | 214 | 210 |
Fair value | (1) | (2) |
Currency swap agreements | ||
Derivative [Line Items] | ||
Notional amount | 1,439,395 | 729,632 |
Fair value | 4,074 | (99) |
Other currency contracts | ||
Derivative [Line Items] | ||
Notional amount | 64,944 | 75,157 |
Fair value | 2,328 | 2,712 |
Interest rate swap agreements | ||
Derivative [Line Items] | ||
Notional amount | 415,719 | 436,739 |
Fair value | (17,065) | (28,571) |
Equity future contracts | ||
Derivative [Line Items] | ||
Notional amount | 96,016 | 72,794 |
Fair value | ¥ 462 | ¥ (231) |
Derivative Instruments and H102
Derivative Instruments and Hedging Activities (Summary of Effects of Offsetting Derivative Assets, Derivative Liabilities, Financial Assets and Financial Liabilities) (Detail) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Offsetting Asset and Liabilities [Line Items] | ||
Gross amounts presented in consolidated balance sheet, Derivative asset | ¥ 27,260 | ¥ 17,828 |
Financial instruments, Derivative asset | 6,584 | 6,990 |
Cash collateral, Derivative asset | 277 | 312 |
Net amounts, Derivative asset | 20,399 | 10,526 |
Gross amounts presented in the consolidated balance sheet, Derivative liability | 34,450 | 49,135 |
Gross amounts presented in the consolidated balance sheet, Repurchase, securities lending and similar arrangements | 310,609 | 62,805 |
Financial instruments, Repurchase, securities lending and similar arrangements | 309,987 | 61,864 |
Net amounts, Repurchase, securities lending and similar arrangements | 622 | 941 |
Gross amounts presented in the consolidated balance sheet, Total liabilities | 345,059 | 111,940 |
Financial instruments, Total liabilities | 316,631 | 90,391 |
Cash collateral, Total liabilities | 18,631 | 8,269 |
Net amounts, Total liabilities | 9,797 | 13,280 |
Subject to master netting arrangement | ||
Offsetting Asset and Liabilities [Line Items] | ||
Gross amounts presented in consolidated balance sheet, Derivative asset | 11,554 | 10,251 |
Financial instruments, Derivative asset | 6,584 | 6,990 |
Cash collateral, Derivative asset | 277 | 312 |
Net amounts, Derivative asset | 4,693 | 2,949 |
Gross amounts presented in the consolidated balance sheet, Derivative liability | 33,261 | 46,328 |
Financial instruments, Derivative liability | 6,644 | 28,527 |
Cash collateral, Derivative liability | 18,631 | 8,269 |
Net amounts, Derivative liability | 7,986 | 9,532 |
Not subject to master netting arrangement | ||
Offsetting Asset and Liabilities [Line Items] | ||
Gross amounts presented in consolidated balance sheet, Derivative asset | 15,706 | 7,577 |
Net amounts, Derivative asset | 15,706 | 7,577 |
Gross amounts presented in the consolidated balance sheet, Derivative liability | 1,189 | 2,807 |
Net amounts, Derivative liability | ¥ 1,189 | ¥ 2,807 |
Pension and Severance Plans - A
Pension and Severance Plans - Additional Information (Detail) ¥ in Millions | 12 Months Ended |
Mar. 31, 2017JPY (¥) | |
Defined Benefit Plan Disclosure [Line Items] | |
Percentage of the indemnities under existing regulations to employees covered by defined benefits | 65.00% |
Expected amortization of net actuarial loss from accumulated other comprehensive income in next fiscal year | ¥ 18,702 |
Expected amortization of prior service cost from accumulated other comprehensive income in next fiscal year | 9,179 |
Expected amortization of transition obligation (asset) from accumulated other comprehensive income in next fiscal year | 4 |
Japanese plans | |
Defined Benefit Plan Disclosure [Line Items] | |
Expected contribution in defined benefit pension plans | ¥ 12,000 |
Japanese plans | Private equity | |
Defined Benefit Plan Disclosure [Line Items] | |
Percentage of investments in equity securities for the pension plans | 31.00% |
Japanese plans | Fixed income funds | |
Defined Benefit Plan Disclosure [Line Items] | |
Percentage of investments in equity securities for the pension plans | 52.00% |
Japanese plans | Other investment funds | |
Defined Benefit Plan Disclosure [Line Items] | |
Percentage of investments in equity securities for the pension plans | 17.00% |
Foreign plans | |
Defined Benefit Plan Disclosure [Line Items] | |
Expected contribution in defined benefit pension plans | ¥ 5,000 |
Foreign plans | Private equity | |
Defined Benefit Plan Disclosure [Line Items] | |
Percentage of investments in equity securities for the pension plans | 29.00% |
Foreign plans | Fixed income funds | |
Defined Benefit Plan Disclosure [Line Items] | |
Percentage of investments in equity securities for the pension plans | 45.00% |
Foreign plans | Other investment funds | |
Defined Benefit Plan Disclosure [Line Items] | |
Percentage of investments in equity securities for the pension plans | 26.00% |
Pension and Severance Plans (Co
Pension and Severance Plans (Components of Net Periodic Benefit Costs) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Japanese plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Service cost | ¥ 26,811 | ¥ 24,670 | ¥ 24,350 |
Interest cost | 5,912 | 8,689 | 11,583 |
Expected return on plan assets | (17,829) | (20,853) | (19,252) |
Recognized actuarial loss | 20,436 | 8,588 | 9,867 |
Amortization of prior service costs | (9,490) | (9,489) | (9,614) |
Net periodic benefit costs | 25,840 | 11,605 | 16,934 |
Foreign plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Service cost | 2,958 | 3,504 | 3,188 |
Interest cost | 10,426 | 12,096 | 13,040 |
Expected return on plan assets | (11,000) | (14,117) | (12,993) |
Amortization of net transition asset | 9 | 10 | 10 |
Recognized actuarial loss | 2,552 | 4,236 | 2,991 |
Amortization of prior service costs | (463) | (478) | (639) |
Losses on curtailments and settlements | 43 | 354 | 31 |
Net periodic benefit costs | ¥ 4,525 | ¥ 5,605 | ¥ 5,628 |
Pension and Severance Plans (Ch
Pension and Severance Plans (Changes in Benefit Obligation and Plan Assets as well as Funded Status and Composition of Amounts Recognized in Consolidated Balance Sheets) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | ||
Japanese plans | ||||
Change in benefit obligation: | ||||
Benefit obligation at beginning of the fiscal year | ¥ 1,034,284 | ¥ 890,415 | ||
Service cost | 26,811 | 24,670 | ¥ 24,350 | |
Interest cost | 5,912 | 8,689 | 11,583 | |
Actuarial (gain) loss | [1] | (33,333) | 144,416 | |
Other | (5) | (14) | ||
Benefits paid | (28,993) | (33,892) | ||
Benefit obligation at end of the fiscal year | 1,004,676 | 1,034,284 | 890,415 | |
Change in plan assets: | ||||
Fair value of plan assets at beginning of the fiscal year | 679,432 | 710,602 | ||
Actual return on plan assets | 35,508 | (9,030) | ||
Employer contribution | 6,640 | 1,951 | ||
Benefits paid | (22,572) | (24,091) | ||
Fair value of plan assets at end of the fiscal year | 699,008 | 679,432 | 710,602 | |
Funded status at end of the fiscal year | (305,668) | (354,852) | ||
Foreign plans | ||||
Change in benefit obligation: | ||||
Benefit obligation at beginning of the fiscal year | 356,875 | 394,704 | ||
Service cost | 2,958 | 3,504 | 3,188 | |
Interest cost | 10,426 | 12,096 | 13,040 | |
Plan participants' contributions | 490 | 676 | ||
Actuarial (gain) loss | [1] | 20,045 | (21,868) | |
Foreign currency exchange rate changes | (23,183) | (16,893) | ||
Curtailments and settlements | (1,507) | (1,246) | ||
Benefits paid | (13,662) | (14,098) | ||
Benefit obligation at end of the fiscal year | 352,442 | 356,875 | 394,704 | |
Change in plan assets: | ||||
Fair value of plan assets at beginning of the fiscal year | 256,341 | 280,216 | ||
Actual return on plan assets | 29,346 | (6,035) | ||
Foreign currency exchange rate changes | (20,004) | (13,095) | ||
Employer contribution | 6,738 | 7,905 | ||
Plan participants' contributions | 490 | 676 | ||
Curtailments and settlements | (1,161) | (504) | ||
Benefits paid | (12,573) | (12,822) | ||
Fair value of plan assets at end of the fiscal year | 259,177 | 256,341 | ¥ 280,216 | |
Funded status at end of the fiscal year | ¥ (93,265) | ¥ (100,534) | ||
[1] | Actuarial loss in Japanese plans for the fiscal year ended March 31, 2016 principally relates to changes in the assumptions for discount and mortality rates. |
Pension and Severance Plans (Am
Pension and Severance Plans (Amounts Recognized in Consolidated Balance Sheets) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Japanese plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Noncurrent assets | ¥ 2,753 | ¥ 2,217 |
Noncurrent liabilities | (308,421) | (357,069) |
Ending balance | (305,668) | (354,852) |
Foreign plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Noncurrent assets | 6,251 | 7,102 |
Current liabilities | (3,114) | (2,892) |
Noncurrent liabilities | (96,402) | (104,744) |
Ending balance | ¥ (93,265) | ¥ (100,534) |
Pension and Severance Plans 107
Pension and Severance Plans (Amounts Recognized in Accumulated Other Comprehensive Income, Excluding Tax Effects) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Japanese plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Prior service cost (credit) | ¥ (25,415) | ¥ (34,905) |
Net actuarial loss | 317,397 | 389,302 |
Ending balance | 291,982 | 354,397 |
Foreign plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Prior service cost (credit) | (1,034) | (1,443) |
Net actuarial loss | 78,548 | 82,850 |
Obligation existing at transition | (3) | 7 |
Ending balance | ¥ 77,511 | ¥ 81,414 |
Pension and Severance Plans (Ac
Pension and Severance Plans (Accumulated Benefit Obligations for All Defined Benefit Pension Plans) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Japanese plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Accumulated benefit obligations | ¥ 998,501 | ¥ 1,028,690 |
Foreign plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Accumulated benefit obligations | ¥ 329,989 | ¥ 331,975 |
Pension and Severance Plans (Pr
Pension and Severance Plans (Projected Benefit Obligations, Accumulated Benefit Obligations and Fair Value of Plan Assets for Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Japanese plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Projected benefit obligations | ¥ 992,052 | ¥ 1,022,373 |
Accumulated benefit obligations | 987,428 | 1,018,228 |
Fair value of plan assets | 685,183 | 666,753 |
Foreign plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Projected benefit obligations | 291,413 | 292,171 |
Accumulated benefit obligations | 287,491 | 286,705 |
Fair value of plan assets | ¥ 207,406 | ¥ 202,913 |
Pension and Severance Plans (We
Pension and Severance Plans (Weighted-Average Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Costs) (Detail) | 12 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | ||
Japanese plans | ||||
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract] | ||||
Discount rate | 0.90% | 0.60% | ||
Rate of compensation increase | [1] | |||
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract] | ||||
Discount rate | 0.60% | 1.00% | 1.40% | |
Expected return on plan assets | 2.70% | 3.00% | 3.00% | |
Rate of compensation increase | [1] | |||
Foreign plans | ||||
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract] | ||||
Discount rate | 3.10% | 3.20% | ||
Rate of compensation increase | 2.40% | 2.80% | ||
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract] | ||||
Discount rate | 3.20% | 3.10% | 4.10% | |
Expected return on plan assets | 4.80% | 4.80% | 5.60% | |
Rate of compensation increase | 2.80% | 2.90% | 3.10% | |
[1] | Substantially all of Sony's Japanese pension plans were point-based. Point-based plans do not incorporate a measure of compensation rate increases. |
Pension and Severance Plans (Fa
Pension and Severance Plans (Fair Values of Assets Held by Japanese and Foreign Plans) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |||
Japanese plans | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | ¥ 699,008 | ¥ 679,432 | ¥ 710,602 | |||
Japanese plans | Cash and cash equivalents | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 7,976 | 17,985 | ||||
Japanese plans | Equity securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [1] | 157,012 | 148,658 | |||
Japanese plans | Government bonds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [2] | 206,632 | 218,851 | |||
Japanese plans | Corporate bonds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [3] | 75,971 | 56,779 | |||
Japanese plans | Asset-backed securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [4] | 1,105 | 1,148 | |||
Japanese plans | Commingled funds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [5] | 122,264 | 115,902 | |||
Japanese plans | Commodity Funds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [6] | 21,098 | 20,547 | |||
Japanese plans | Private equity | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [7] | 21,790 | 31,852 | |||
Japanese plans | Hedge funds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [8] | 67,235 | 60,395 | |||
Japanese plans | Real estate and other | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [9] | 17,925 | 7,315 | |||
Foreign plans | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 259,177 | 256,341 | 280,216 | |||
Foreign plans | Cash and cash equivalents | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 8,091 | 4,078 | ||||
Foreign plans | Equity securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [10] | 33,103 | 37,769 | |||
Foreign plans | Government bonds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [11] | 65,671 | 60,835 | |||
Foreign plans | Corporate bonds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [12] | 28,296 | 30,425 | |||
Foreign plans | Asset-backed securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 982 | 321 | ||||
Foreign plans | Commingled funds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [13] | 81,683 | 77,456 | |||
Foreign plans | Real estate and other | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [9] | 36,216 | 41,164 | |||
Foreign plans | Insurance contracts | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [14] | 5,135 | 4,293 | |||
Level 1 | Japanese plans | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 160,828 | 162,582 | ||||
Level 1 | Japanese plans | Cash and cash equivalents | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 7,976 | 17,985 | ||||
Level 1 | Japanese plans | Equity securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [1] | 152,852 | 144,597 | |||
Level 1 | Foreign plans | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 39,874 | 39,896 | ||||
Level 1 | Foreign plans | Cash and cash equivalents | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 8,091 | 4,078 | ||||
Level 1 | Foreign plans | Equity securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [10] | 31,783 | 35,818 | |||
Level 2 | Japanese plans | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 431,230 | 417,288 | ||||
Level 2 | Japanese plans | Equity securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [1] | 4,160 | 4,061 | |||
Level 2 | Japanese plans | Government bonds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [2] | 206,632 | 218,851 | |||
Level 2 | Japanese plans | Corporate bonds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [3] | 75,971 | 56,779 | |||
Level 2 | Japanese plans | Asset-backed securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [4] | 1,105 | 1,148 | |||
Level 2 | Japanese plans | Commingled funds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [5] | 122,264 | 115,902 | |||
Level 2 | Japanese plans | Commodity Funds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [6] | 21,098 | 20,547 | |||
Level 2 | Foreign plans | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 189,448 | 185,321 | ||||
Level 2 | Foreign plans | Equity securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [10] | 1,320 | 1,951 | |||
Level 2 | Foreign plans | Government bonds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [11] | 65,671 | 60,835 | |||
Level 2 | Foreign plans | Corporate bonds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [12] | 21,370 | 23,425 | |||
Level 2 | Foreign plans | Asset-backed securities | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 982 | 321 | ||||
Level 2 | Foreign plans | Commingled funds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [13] | 81,683 | 77,456 | |||
Level 2 | Foreign plans | Real estate and other | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [9] | 13,287 | 17,040 | |||
Level 2 | Foreign plans | Insurance contracts | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | [14] | 5,135 | 4,293 | |||
Level 3 | Japanese plans | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 106,950 | 99,562 | 118,582 | |||
Level 3 | Japanese plans | Private equity | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 21,790 | [7] | 31,852 | [7] | 32,584 | |
Level 3 | Japanese plans | Hedge funds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 67,235 | [8] | 60,395 | [8] | 80,037 | |
Level 3 | Japanese plans | Real estate and other | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 17,925 | [9] | 7,315 | [9] | 5,961 | |
Level 3 | Foreign plans | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 29,855 | 31,124 | 22,906 | |||
Level 3 | Foreign plans | Corporate bonds | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | 6,926 | [12] | 7,000 | [12] | 7,384 | |
Level 3 | Foreign plans | Real estate and other | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Fair values of the assets held | ¥ 22,929 | [9] | ¥ 24,124 | [9] | ¥ 15,522 | |
[1] | Includes approximately 48 percent of Japanese equity securities, and 52 percent of foreign equity securities for both the fiscal years ended March 31, 2016 and 2017. | |||||
[2] | Includes approximately 51 percent and 46 percent of debt securities issued by Japanese national and local governments, and 49 percent and 54 percent of debt securities issued by foreign national and local governments for the fiscal years ended March 31, 2016 and 2017, respectively. | |||||
[3] | Includes debt securities issued by Japanese and foreign corporation and government related agencies. | |||||
[4] | Includes primarily mortgage-backed securities. | |||||
[5] | Commingled funds represent pooled institutional investments, including primarily investment trusts. They include approximately 44 percent and 48 percent of investments in equity, 54 percent and 51 percent of investments in fixed income, and 1 percent and 1 percent of investments in other for the fiscal years ended March 31, 2016 and 2017, respectively. | |||||
[6] | Represents commodity futures funds. | |||||
[7] | Includes multiple private equity funds of funds that primarily invest in venture, buyout, and distressed markets in the U.S. and Europe. | |||||
[8] | Includes primarily funds that invest in a portfolio of a broad range of hedge funds to diversify the risks and reduce the volatilities associated with a single hedge fund. | |||||
[9] | Includes primarily private real estate investment trusts. | |||||
[10] | Includes primarily foreign equity securities. | |||||
[11] | Includes primarily foreign government debt securities. | |||||
[12] | Includes primarily foreign corporate debt securities. | |||||
[13] | Commingled funds represent pooled institutional investments including mutual funds, common trust funds, and collective investment funds. They are primarily comprised of foreign equities and fixed income investments. | |||||
[14] | Represents annuity contracts with or without profit sharing. |
Pension and Severance Plans 112
Pension and Severance Plans (Fair Values of Assets Held by Japanese and Foreign Plans) (Parenthetical) (Detail) - Japanese plans | Mar. 31, 2017 | Mar. 31, 2016 |
Commingled funds | Equity securities | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments | 48.00% | 44.00% |
Commingled funds | Fixed Income Securities | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments | 51.00% | 54.00% |
Commingled funds | Other investment funds | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments | 1.00% | 1.00% |
Japanese equity securities | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments | 48.00% | 48.00% |
Foreign equity securities | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments | 52.00% | 52.00% |
Japanese National and Local Government Debt Securities | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments | 46.00% | 51.00% |
Foreign National and Local Government Debt Securities | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Percentage of investments | 54.00% | 49.00% |
Pension and Severance Plans (Su
Pension and Severance Plans (Summary of Changes in Fair Values of Japanese and Foreign Plans' Level Three Assets) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | |||
Japanese plans | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | ¥ 679,432 | ¥ 710,602 | ||
Fair value of plan assets at end of the fiscal year | 699,008 | 679,432 | ||
Japanese plans | Private equity | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | [1] | 31,852 | ||
Fair value of plan assets at end of the fiscal year | [1] | 21,790 | 31,852 | |
Japanese plans | Hedge funds | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | [2] | 60,395 | ||
Fair value of plan assets at end of the fiscal year | [2] | 67,235 | 60,395 | |
Japanese plans | Real estate and other | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | [3] | 7,315 | ||
Fair value of plan assets at end of the fiscal year | [3] | 17,925 | 7,315 | |
Japanese plans | Corporate bonds | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | [4] | 56,779 | ||
Fair value of plan assets at end of the fiscal year | [4] | 75,971 | 56,779 | |
Foreign plans | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | 256,341 | 280,216 | ||
Fair value of plan assets at end of the fiscal year | 259,177 | 256,341 | ||
Foreign plans | Real estate and other | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | [3] | 41,164 | ||
Fair value of plan assets at end of the fiscal year | [3] | 36,216 | 41,164 | |
Foreign plans | Corporate bonds | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | [5] | 30,425 | ||
Fair value of plan assets at end of the fiscal year | [5] | 28,296 | 30,425 | |
Level 3 | Japanese plans | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | 99,562 | 118,582 | ||
Return on assets held at end of year | 3,841 | (3,121) | ||
Purchases, sales, and settlements, net | 3,547 | (15,899) | ||
Fair value of plan assets at end of the fiscal year | 106,950 | 99,562 | ||
Level 3 | Japanese plans | Private equity | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | 31,852 | [1] | 32,584 | |
Return on assets held at end of year | 425 | 157 | ||
Purchases, sales, and settlements, net | (10,487) | (889) | ||
Fair value of plan assets at end of the fiscal year | [1] | 21,790 | 31,852 | |
Level 3 | Japanese plans | Hedge funds | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | 60,395 | [2] | 80,037 | |
Return on assets held at end of year | 2,817 | (3,593) | ||
Purchases, sales, and settlements, net | 4,023 | (16,049) | ||
Fair value of plan assets at end of the fiscal year | [2] | 67,235 | 60,395 | |
Level 3 | Japanese plans | Real estate and other | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | 7,315 | [3] | 5,961 | |
Return on assets held at end of year | 599 | 315 | ||
Purchases, sales, and settlements, net | 10,011 | 1,039 | ||
Fair value of plan assets at end of the fiscal year | [3] | 17,925 | 7,315 | |
Level 3 | Foreign plans | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | 31,124 | 22,906 | ||
Return on assets held at end of year | 84 | (28) | ||
Return on assets sold during the year | 19 | |||
Purchases, sales, and settlements, net | (411) | 3,933 | ||
Transfers, net | (8) | 2,692 | ||
Other | [6] | (934) | 1,602 | |
Fair value of plan assets at end of the fiscal year | 29,855 | 31,124 | ||
Level 3 | Foreign plans | Real estate and other | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | 24,124 | [3] | 15,522 | |
Return on assets held at end of year | 84 | (104) | ||
Return on assets sold during the year | 19 | |||
Purchases, sales, and settlements, net | (367) | 3,933 | ||
Transfers, net | (8) | 2,692 | ||
Other | [6] | (904) | 2,062 | |
Fair value of plan assets at end of the fiscal year | [3] | 22,929 | 24,124 | |
Level 3 | Foreign plans | Corporate bonds | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Fair value of plan assets at beginning of the fiscal year | 7,000 | [5] | 7,384 | |
Return on assets held at end of year | 76 | |||
Purchases, sales, and settlements, net | (44) | |||
Other | [6] | (30) | (460) | |
Fair value of plan assets at end of the fiscal year | [5] | ¥ 6,926 | ¥ 7,000 | |
[1] | Includes multiple private equity funds of funds that primarily invest in venture, buyout, and distressed markets in the U.S. and Europe. | |||
[2] | Includes primarily funds that invest in a portfolio of a broad range of hedge funds to diversify the risks and reduce the volatilities associated with a single hedge fund. | |||
[3] | Includes primarily private real estate investment trusts. | |||
[4] | Includes debt securities issued by Japanese and foreign corporation and government related agencies. | |||
[5] | Includes primarily foreign corporate debt securities. | |||
[6] | Primarily consists of translation adjustments. |
Pension and Severance Plans (Ex
Pension and Severance Plans (Expected Future Benefit Payments) (Detail) ¥ in Millions | Mar. 31, 2017JPY (¥) |
Japanese plans | |
Defined Benefit Plan Disclosure [Line Items] | |
2,018 | ¥ 36,638 |
2,019 | 38,561 |
2,020 | 40,772 |
2,021 | 41,646 |
2,022 | 43,001 |
2023 - 2027 | 232,773 |
Foreign plans | |
Defined Benefit Plan Disclosure [Line Items] | |
2,018 | 13,346 |
2,019 | 13,205 |
2,020 | 13,980 |
2,021 | 15,138 |
2,022 | 15,713 |
2023 - 2027 | ¥ 90,199 |
Pension and Severance Plans (To
Pension and Severance Plans (Total Defined Contribution Expenses) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Japanese plans | |||
Defined Contribution Plan Disclosure [Line Items] | |||
Defined contribution expenses | ¥ 3,412 | ¥ 3,155 | ¥ 3,199 |
Foreign plans | |||
Defined Contribution Plan Disclosure [Line Items] | |||
Defined contribution expenses | ¥ 10,458 | ¥ 12,419 | ¥ 13,857 |
Stockholders' Equity (Changes i
Stockholders' Equity (Changes in Number of Shares of Common Stock Issued and Outstanding) (Detail) - shares | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Equity [Abstract] | |||
Common stock, shares issued, beginning balance | 1,262,493,760 | 1,169,773,260 | 1,044,707,767 |
Issuance of new shares | 92,000,000 | ||
Exercise of stock acquisition rights | 1,269,900 | 720,500 | 948,500 |
Conversion of zero coupon convertible bonds | 124,116,993 | ||
Common stock, shares issued, ending balance | 1,263,763,660 | 1,262,493,760 | 1,169,773,260 |
Stockholders' Equity - Addition
Stockholders' Equity - Additional Information (Detail) ¥ in Millions, $ in Millions | 12 Months Ended | ||||
Mar. 31, 2017JPY (¥)shares | Mar. 31, 2017USD ($)shares | Mar. 31, 2016JPY (¥)shares | Mar. 31, 2015shares | Mar. 31, 2017USD ($)shares | |
Stockholders Equity Note [Line Items] | |||||
Common stock shares would be issued upon conversion or exercise of all convertible bonds and stock acquisition rights outstanding | shares | 39,481,061 | 39,481,061 | |||
Common stock had been acquired by the resolution of the Board of Directors | shares | 0 | 0 | 0 | 0 | |
Retained earnings available for dividends to shareholders | ¥ 570,245 | ||||
Undistributed earnings of affiliated companies accounted for by equity method | ¥ 33,694 | ¥ 29,061 | |||
U.S.-based Music Publishing Subsidiary | |||||
Stockholders Equity Note [Line Items] | |||||
Percentage of equity ownership | 50.00% | 50.00% | |||
Businesses acquisition payment of cash consideration | $ | $ 750 | ||||
Distributions to which the subsidiary previously committed, included in aggregate cash consideration | $ | $ 17 | ||||
Decrease to additional paid-in capital resulting from difference between cash consideration paid and decrease in noncontrolling interests | ¥ 70,730 |
Stockholders' Equity (Change118
Stockholders' Equity (Changes in Accumulated Other Comprehensive Income, Net of Tax) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Beginning Balance | ¥ 3,124,410 | ¥ 2,928,469 | ¥ 2,783,141 | ||
Other comprehensive income before reclassifications | 14,546 | (210,838) | 97,851 | ||
Amounts reclassified out of accumulated other comprehensive income | 1,545 | (43,792) | (14,530) | [1] | |
Net current-period other comprehensive income | 16,091 | (254,630) | 83,321 | ||
Less: Other comprehensive income attributable to noncontrolling interests | (18,458) | 13,405 | 17,019 | ||
Ending Balance | 3,135,422 | 3,124,410 | 2,928,469 | ||
Accumulated other comprehensive income (loss) | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Beginning Balance | (653,318) | (385,283) | (451,585) | ||
Ending Balance | (618,769) | (653,318) | (385,283) | ||
Unrealized gains (losses) on securities | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Beginning Balance | 140,736 | 154,153 | 127,509 | ||
Other comprehensive income before reclassifications | (27,007) | 45,527 | 53,069 | ||
Amounts reclassified out of accumulated other comprehensive income | (3,286) | (43,307) | (14,351) | [1] | |
Net current-period other comprehensive income | (30,293) | 2,220 | 38,718 | ||
Less: Other comprehensive income attributable to noncontrolling interests | (16,192) | 15,637 | 12,074 | ||
Ending Balance | 126,635 | 140,736 | 154,153 | ||
Pension liability adjustment | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Beginning Balance | (371,739) | (201,131) | (180,039) | ||
Other comprehensive income before reclassifications | 54,513 | (174,380) | (22,552) | ||
Amounts reclassified out of accumulated other comprehensive income | 8,719 | 2,627 | 1,365 | [1] | |
Net current-period other comprehensive income | 63,232 | (171,753) | (21,187) | ||
Less: Other comprehensive income attributable to noncontrolling interests | 229 | (1,145) | (95) | ||
Ending Balance | (308,736) | (371,739) | (201,131) | ||
Foreign currency translation adjustments | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Beginning Balance | (421,117) | (338,305) | (399,055) | ||
Other comprehensive income before reclassifications | (17,988) | (83,899) | 67,334 | ||
Amounts reclassified out of accumulated other comprehensive income | [1] | (1,544) | |||
Net current-period other comprehensive income | (17,988) | (83,899) | 65,790 | ||
Less: Other comprehensive income attributable to noncontrolling interests | (2,495) | (1,087) | 5,040 | ||
Ending Balance | (436,610) | (421,117) | ¥ (338,305) | ||
Unrealized gains (losses) on derivative instruments | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Beginning Balance | (1,198) | ||||
Other comprehensive income before reclassifications | 5,028 | 1,914 | |||
Amounts reclassified out of accumulated other comprehensive income | (3,888) | (3,112) | |||
Net current-period other comprehensive income | 1,140 | (1,198) | |||
Ending Balance | ¥ (58) | ¥ (1,198) | |||
[1] | Foreign currency translation adjustments were transferred from accumulated other comprehensive income to net income as a result of a complete or substantially complete liquidation or sale of certain foreign subsidiaries and affiliates. |
Stockholders' Equity (Reclassif
Stockholders' Equity (Reclassifications Out of Accumulated Other Comprehensive Income) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Financial services revenue | ¥ 1,080,284 | ¥ 1,066,319 | ¥ 1,077,604 | |
Foreign exchange loss, net | (22,181) | (20,565) | (20,533) | |
Gain on sale of securities investments, net | 225 | 52,068 | 8,714 | |
Cost of sales | (4,753,010) | (5,166,894) | (5,275,144) | |
Loss on devaluation of securities investments | (7,629) | (3,309) | (852) | |
Income before income taxes | 251,619 | 304,504 | 39,729 | |
Tax expense or (benefit) | (124,058) | (94,789) | (88,733) | |
Net income (loss) attributable to Sony Corporation's stockholders | 73,289 | 147,791 | (125,980) | |
Amount reclassified from accumulated other comprehensive income (loss) | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Net income (loss) attributable to Sony Corporation's stockholders | 1,545 | (43,792) | (14,530) | |
Amount reclassified from accumulated other comprehensive income (loss) | Unrealized gains (losses) on securities | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Financial services revenue | (4,560) | (19,598) | (10,515) | |
Gain on sale of securities investments, net | (30) | (47,087) | (7,942) | |
Loss on devaluation of securities investments | 3,063 | |||
Income before income taxes | (4,590) | (63,622) | (18,457) | |
Tax expense or (benefit) | 1,304 | 20,315 | 4,106 | |
Net income (loss) attributable to Sony Corporation's stockholders | (3,286) | (43,307) | (14,351) | |
Amount reclassified from accumulated other comprehensive income (loss) | Unrealized gains (losses) on derivative instruments | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Foreign exchange loss, net | (8) | |||
Cost of sales | (5,583) | (3,104) | ||
Income before income taxes | (5,583) | (3,112) | ||
Tax expense or (benefit) | 1,695 | |||
Net income (loss) attributable to Sony Corporation's stockholders | (3,888) | (3,112) | ||
Amount reclassified from accumulated other comprehensive income (loss) | Pension liability adjustment | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Pension liability adjustment | [1] | 13,044 | 2,867 | 2,615 |
Tax expense or (benefit) | (4,325) | (240) | (1,250) | |
Net income (loss) attributable to Sony Corporation's stockholders | ¥ 8,719 | ¥ 2,627 | 1,365 | |
Amount reclassified from accumulated other comprehensive income (loss) | Foreign currency translation adjustments | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Foreign currency translation adjustments | (1,544) | |||
Net income (loss) attributable to Sony Corporation's stockholders | ¥ (1,544) | |||
[1] | The amortization of pension and postretirement benefit components are included in the computation of net periodic pension cost. Refer to Note 15. |
Stockholders' Equity (Net Incom
Stockholders' Equity (Net Income (Loss) Attributable to Sony Corporation's Stockholders and Transfers (to) from Noncontrolling Interests) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Equity [Abstract] | |||
Net income (loss) attributable to Sony Corporation's stockholders | ¥ 73,289 | ¥ 147,791 | ¥ (125,980) |
Transfers (to) from the noncontrolling interests: | |||
Decrease in additional paid-in capital for purchase of additional shares in consolidated subsidiaries | (53,927) | (12,776) | (2,483) |
Change from net income (loss) attributable to Sony Corporation's stockholders and transfers (to) from the noncontrolling interests | ¥ 19,362 | ¥ 135,015 | ¥ (128,463) |
Stock-Based Compensation Pla121
Stock-Based Compensation Plans - Additional Information (Detail) - JPY (¥) ¥ / shares in Units, ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Stock-based compensation expense | ¥ 2,737 | ¥ 1,944 | ¥ 1,286 |
Total cash received from exercise of stock-based compensation plans | ¥ 2,730 | ¥ 1,578 | ¥ 1,637 |
Stock Acquisition Rights Plan | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Equity-based compensation plan, vesting period | 3 years | ||
Weighted-average fair value per share of stock acquisition rights granted | ¥ 1,291 | ¥ 1,331 | ¥ 1,139 |
Total intrinsic value of shares exercised under stock acquisition rights plan | ¥ 1,541 | ¥ 1,338 | ¥ 1,463 |
Total unrecognized compensation expense | ¥ 4,057 | ||
Total unrecognized compensation expense, weighted-average period to be recognized | 2 years 1 month 13 days | ||
Stock Acquisition Rights Plan | Maximum | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Equity-based compensation plan, expiration period | 10 years |
Stock-Based Compensation Pla122
Stock-Based Compensation Plans (Weighted-Average Assumptions used to Determine Fair Value of Stock Acquisition Rights Granted) (Detail) | 12 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | ||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||
Risk-free interest rate | 1.10% | 1.07% | 1.26% | |
Expected lives | 6 years 9 months 29 days | 7 years 1 month 13 days | 7 years 4 months 6 days | |
Expected volatility | [1] | 40.00% | 42.07% | 51.69% |
Expected dividends | 0.66% | 0.75% | 1.24% | |
[1] | Expected volatility was based on the historical volatilities of Sony Corporation's common stock over the expected life of the stock acquisition rights. |
Stock-Based Compensation Pla123
Stock-Based Compensation Plans (Summary of Activities Regarding Stock Acquisition Rights Plan) (Detail) - JPY (¥) ¥ / shares in Units, ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Number of shares | |||
Exercised | 1,269,900 | 720,500 | 948,500 |
Stock Acquisition Rights Plan | |||
Number of shares | |||
Outstanding at beginning of the fiscal year | 15,778,200 | ||
Granted | 3,250,400 | ||
Exercised | 1,269,900 | ||
Forfeited or expired | 2,239,300 | ||
Outstanding at end of the fiscal year | 15,519,400 | 15,778,200 | |
Exercisable at end of the fiscal year | 9,914,700 | ||
Weighted average exercise price | |||
Outstanding at beginning of the fiscal year | ¥ 3,188 | ||
Granted | 3,366 | ||
Exercised | 2,150 | ||
Forfeited or expired | 4,209 | ||
Outstanding at end of the fiscal year | 3,147 | ¥ 3,188 | |
Exercisable at end of the fiscal year | ¥ 3,072 | ||
Weighted-average remaining life | |||
Outstanding at end of the fiscal year | 5 years 10 months 6 days | ||
Exercisable at end of the fiscal year | 4 years 4 days | ||
Total intrinsic Value | |||
Outstanding at end of the fiscal year | ¥ 12,335 | ||
Exercisable at end of the fiscal year | ¥ 9,573 |
Kumamoto Earthquake - Additiona
Kumamoto Earthquake - Additional Information (Detail) - JPY (¥) ¥ in Millions | 1 Months Ended | 12 Months Ended | ||
Apr. 30, 2017 | Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Business Interruption Loss [Line Items] | ||||
Incremental losses and associated expenses directly related to the damage caused by earthquakes, together with other expenses | ¥ 4,753,010 | ¥ 5,166,894 | ¥ 5,275,144 | |
Subsequent event | ||||
Business Interruption Loss [Line Items] | ||||
Insurance claim paid by insurance carriers | ¥ 20,000 | |||
Repair Costs of Fixed Assets and a Loss on Disposal of Inventories | ||||
Business Interruption Loss [Line Items] | ||||
Incremental losses and associated expenses directly related to the damage caused by earthquakes, together with other expenses | 16,682 | |||
Insurance recoveries | 10,682 | |||
Insurance receivables agreed by insurance carriers | 10,000 | |||
Remaining insurance receivables | 682 | |||
Amount due to certain carrier as reinsurance | 2,000 | |||
Idle Facility Costs at Manufacturing Sites | ||||
Business Interruption Loss [Line Items] | ||||
Incremental losses and associated expenses directly related to the damage caused by earthquakes, together with other expenses | ¥ 9,365 | |||
Business Interruption Coverage | Subsequent event | ||||
Business Interruption Loss [Line Items] | ||||
Insurance receivables agreed by insurance carriers | ¥ 10,000 |
Restructuring Charges - Additio
Restructuring Charges - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Restructuring Charges [Line Items] | |||
Restructuring and related activities, term description | The restructuring activities are generally short term in nature and are generally completed within one year of initiation. | ||
Restructuring costs | ¥ 59,713 | ¥ 36,527 | ¥ 90,689 |
All Other | PC business | |||
Restructuring Charges [Line Items] | |||
Restructuring costs | 19,635 | ||
Battery Business Asset Group | Discontinued Operations, Held-for-sale | Other Operating Expense, Net | |||
Restructuring Charges [Line Items] | |||
Impairment losses recorded as a result of fair value valuation of assets and liabilities | 42,298 | ||
Other associated costs | |||
Restructuring Charges [Line Items] | |||
Restructuring costs | 7,142 | 7,298 | 20,259 |
Other associated costs | All Other | PC business | |||
Restructuring Charges [Line Items] | |||
Restructuring costs | 8,278 | ||
Headcount Reduction | All Other | Disc manufacturing business | |||
Restructuring Charges [Line Items] | |||
Restructuring costs | 6,923 | ||
Headcount Reduction | Corporate | |||
Restructuring Charges [Line Items] | |||
Restructuring costs | ¥ 0 | ¥ 7,112 | ¥ 22,345 |
Restructuring Charges (Changes
Restructuring Charges (Changes in Accrued Restructuring Charges) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | ||
Restructuring Cost and Reserve [Line Items] | ||||
Accrued restructuring charges, beginning balance | ¥ 34,266 | ¥ 50,917 | ¥ 45,760 | |
Restructuring costs | 59,713 | 36,527 | 90,689 | |
Non-cash charges | (42,717) | (1,828) | (17,169) | |
Cash payments | (28,630) | (51,493) | (68,724) | |
Adjustments | (1,831) | 143 | 361 | |
Accrued restructuring charges, ending balance | 20,801 | 34,266 | 50,917 | |
Employee termination benefits | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Accrued restructuring charges, beginning balance | 22,531 | 36,721 | 31,844 | |
Restructuring costs | 9,854 | 27,401 | 53,261 | |
Cash payments | (19,759) | (40,261) | (48,787) | |
Adjustments | (992) | (1,330) | 403 | |
Accrued restructuring charges, ending balance | 11,634 | 22,531 | 36,721 | |
Non-cash write-downs and disposals, net | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | 42,717 | 1,828 | 17,169 |
Non-cash charges | [1] | (42,717) | (1,828) | (17,169) |
Other associated costs | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Accrued restructuring charges, beginning balance | 11,735 | 14,196 | 13,916 | |
Restructuring costs | 7,142 | 7,298 | 20,259 | |
Cash payments | (8,871) | (11,232) | (19,937) | |
Adjustments | (839) | 1,473 | (42) | |
Accrued restructuring charges, ending balance | ¥ 9,167 | ¥ 11,735 | ¥ 14,196 | |
[1] | Significant asset impairments excluded from restructuring charges are described in Note 13. |
Restructuring Charges (Total Co
Restructuring Charges (Total Costs Incurred in Connection with Restructuring Programs by Segment) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | ||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | ¥ 59,713 | ¥ 36,527 | ¥ 90,689 | |
Depreciation associated with restructured assets | 502 | 1,732 | 7,347 | |
Total | 60,215 | 38,259 | 98,036 | |
Mobile Communications | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 688 | 20,928 | 5,706 | |
Depreciation associated with restructured assets | 138 | 710 | 85 | |
Total | 826 | 21,638 | 5,791 | |
Game & Network Services | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 231 | 135 | 7,272 | |
Total | 231 | 135 | 7,272 | |
Imaging Products & Solutions | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 640 | 204 | 6,625 | |
Depreciation associated with restructured assets | 714 | |||
Total | 640 | 204 | 7,339 | |
Home Entertainment & Sound | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 752 | 1,207 | 1,960 | |
Total | 752 | 1,207 | 1,960 | |
Semiconductors | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | (9) | (113) | 5,785 | |
Depreciation associated with restructured assets | 426 | |||
Total | (9) | (113) | 6,211 | |
Components | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 43,439 | 22 | 1,211 | |
Total | 43,439 | 22 | 1,211 | |
Pictures | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 2,467 | 1,601 | 1,918 | |
Depreciation associated with restructured assets | 5 | |||
Total | 2,467 | 1,606 | 1,918 | |
Music | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 3,590 | 1,868 | 2,115 | |
Total | 3,590 | 1,868 | 2,115 | |
All Other and Corporate | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 7,915 | 10,675 | 58,097 | |
Depreciation associated with restructured assets | 364 | 1,017 | 6,122 | |
Total | 8,279 | 11,692 | 64,219 | |
Employee termination benefits | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 9,854 | 27,401 | 53,261 | |
Employee termination benefits | Mobile Communications | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 516 | 17,259 | 3,800 | |
Employee termination benefits | Game & Network Services | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 225 | 15 | 520 | |
Employee termination benefits | Imaging Products & Solutions | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 563 | 78 | 6,586 | |
Employee termination benefits | Home Entertainment & Sound | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 68 | 1,181 | 1,959 | |
Employee termination benefits | Semiconductors | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 4 | (11) | 2,930 | |
Employee termination benefits | Components | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 922 | 1 | 305 | |
Employee termination benefits | Pictures | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 2,467 | 1,594 | 1,918 | |
Employee termination benefits | Music | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 2,116 | 1,501 | 1,530 | |
Employee termination benefits | All Other and Corporate | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | 2,973 | 5,783 | 33,713 | |
Other associated costs | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | 49,859 | 9,126 | 37,428 |
Other associated costs | Mobile Communications | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | 172 | 3,669 | 1,906 |
Other associated costs | Game & Network Services | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | 6 | 120 | 6,752 |
Other associated costs | Imaging Products & Solutions | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | 77 | 126 | 39 |
Other associated costs | Home Entertainment & Sound | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | 684 | 26 | 1 |
Other associated costs | Semiconductors | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | (13) | (102) | 2,855 |
Other associated costs | Components | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | 42,517 | 21 | 906 |
Other associated costs | Pictures | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | 7 | ||
Other associated costs | Music | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | 1,474 | 367 | 585 |
Other associated costs | All Other and Corporate | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring costs | [1] | ¥ 4,942 | ¥ 4,892 | ¥ 24,384 |
[1] | Other associated costs includes non-cash write-downs and disposals, net |
Supplemental Consolidated St128
Supplemental Consolidated Statements of Income Information (Components of Other Operating Expense, Net) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | ||
Component Of Other Operating Income And Expense [Line Items] | ||||
(Gain) loss on purchase/sale of interests in subsidiaries and affiliates, net | [1] | ¥ (4,259) | ¥ (31,778) | ¥ 1,716 |
(Gain) loss on sale, disposal or impairment of assets, net | [2] | 195,341 | 90,410 | 192,605 |
Other operating (income) expense, net | 149,001 | 47,171 | 181,658 | |
M3, Inc. | ||||
Component Of Other Operating Income And Expense [Line Items] | ||||
(Gain) loss on sale, remeasurement, and issuance of shares | [3] | (37,167) | (2) | 113 |
Music Publishing Catalog in Pictures Segment | ||||
Component Of Other Operating Income And Expense [Line Items] | ||||
Gain on sales of intangible asset | (1,871) | |||
United States Head Quarters | ||||
Component Of Other Operating Income And Expense [Line Items] | ||||
Gain on sale of building | [4] | (6,545) | (5,991) | |
Sony City Osaki | ||||
Component Of Other Operating Income And Expense [Line Items] | ||||
Gain on sale of building | [4] | ¥ (4,914) | ¥ (4,914) | ¥ (4,914) |
[1] | Refer to Notes 24 and 25. | |||
[2] | Refer to Notes 9, 13, 19 and 25. | |||
[3] | Refer to Note 5. | |||
[4] | A portion of gain on sale and leaseback transactions is deferred and is amortized on a straight-line basis over the lease term. |
Supplemental Consolidated St129
Supplemental Consolidated Statements of Income Information - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Research and development costs | ¥ 447,456 | ¥ 468,183 | ¥ 464,320 |
Advertising costs included in selling general and administrative expenses | 363,815 | 391,326 | 444,444 |
Shipping and handling costs | ¥ 42,195 | ¥ 50,803 | ¥ 65,561 |
Income Taxes (Components of Dom
Income Taxes (Components of Domestic and Foreign Income (Loss) and Provision for Current and Deferred Income Taxes) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Income (loss) before income taxes: | |||
Sony Corporation and all subsidiaries in Japan | ¥ 166,158 | ¥ 149,256 | ¥ (88,855) |
Foreign subsidiaries | 85,461 | 155,248 | 128,584 |
Income before income taxes | 251,619 | 304,504 | 39,729 |
Income taxes - Current: | |||
Sony Corporation and all subsidiaries in Japan | 49,739 | 41,080 | 40,321 |
Foreign subsidiaries | 50,521 | 53,498 | 40,430 |
Current | 100,260 | 94,578 | 80,751 |
Income taxes - Deferred: | |||
Sony Corporation and all subsidiaries in Japan | 11,478 | (1,745) | (3,306) |
Foreign subsidiaries | 12,320 | 1,956 | 11,288 |
Deferred | 23,798 | 211 | 7,982 |
Total income tax expense | ¥ 124,058 | ¥ 94,789 | ¥ 88,733 |
Income Taxes (Reconciliation of
Income Taxes (Reconciliation of Statutory Tax Rate and Effective Tax Rate) (Detail) | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Reconciliation of Effective Income Tax Rate [Line Items] | |||
Statutory tax rate | 31.70% | 33.60% | 36.00% |
Non-deductible expenses | 2.30% | 1.60% | 16.10% |
Income tax credits | (2.90%) | (2.00%) | (1.40%) |
Change in statutory tax rate | 0.30% | (3.30%) | (66.70%) |
Change in valuation allowances | 7.30% | 10.70% | 221.10% |
Change in deferred tax liabilities on undistributed earnings of foreign subsidiaries and corporate joint ventures | (1.40%) | (0.80%) | 17.40% |
Lower tax rate applied to life and non-life insurance business in Japan | (2.20%) | (2.30%) | (24.60%) |
Foreign income tax differential | (3.00%) | (6.90%) | (79.70%) |
Adjustments to tax reserves | (1.10%) | 0.70% | (23.10%) |
Effect of equity in net income (loss) of affiliated companies | (0.00%) | (0.00%) | 0.10% |
Tax benefit related to intraperiod tax allocation | (27.20%) | ||
Other | 3.30% | (0.20%) | (4.20%) |
Effective income tax rate | 49.30% | 31.10% | 223.30% |
Pictures | |||
Reconciliation of Effective Income Tax Rate [Line Items] | |||
Impairment of goodwill related to certain business segment | 15.00% | ||
Mobile Communications | |||
Reconciliation of Effective Income Tax Rate [Line Items] | |||
Impairment of goodwill related to certain business segment | 159.50% |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - JPY (¥) ¥ in Millions | 1 Months Ended | 12 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Income Taxes [Line Items] | ||||
Statutory tax rate | 31.70% | 33.60% | 36.00% | |
Net deferred tax benefit resulted from impact of tax law changes | ¥ (10,735) | ¥ (26,588) | ||
Allocated tax benefit to continuing operations upon application of intraperiod allocation rules | 10,799 | |||
Net increase (decrease) in total valuation allowance | ¥ 3,894 | (21,764) | 50,092 | |
Undistributed earnings of foreign subsidiaries and corporate joint ventures not expected to be remitted, for which deferred income taxes have not been provided | 742,924 | |||
Operating loss carryforwards for tax purposes | ¥ 483,590 | 455,555 | 483,590 | |
Operating loss carryforwards for tax purposes with no expiration period | ¥ 140,885 | |||
Expiration periods description of each operating loss carryforward | Substantially all of the total net operating loss carryforwards expire at various dates between the fiscal years ending March 31, 2018 and 2024, and the remaining amounts have expiration periods up to 20 years depending on the jurisdiction. | |||
Tax credit carryforwards | 145,011 | ¥ 134,427 | 145,011 | |
Tax credit carryforwards with no expiration period | ¥ 20,022 | |||
Expiration periods description of tax credit carryforwards | Total available tax credit carryforwards expire at various dates between the fiscal years ending March 31, 2018 and 2027. | |||
Interest expense recorded (reversed) | ¥ 474 | (774) | 1,023 | |
Penalties recorded (reversed) | 597 | 674 | (376) | |
Liabilities recorded for the payments of interest | 9,261 | 9,735 | 9,261 | 10,035 |
Liabilities recorded for the payments of penalties | ¥ 4,358 | 3,761 | ¥ 4,358 | ¥ 3,684 |
Maximum unrecognized tax benefits expected reduction within the next 12 months | 24,553 | |||
Sony Music Entertainment (Japan) Inc | ||||
Income Taxes [Line Items] | ||||
Gain on subsidiary's sale of stock arising from issuance of common stock, for which deferred income taxes have not been provided | ¥ 61,544 | |||
Fiscal year ending March 31, 2016 and March 31, 2017 | ||||
Income Taxes [Line Items] | ||||
Percentage of the limitations on annual use of net operating loss carryforwards due to tax law changes | 65.00% | |||
Net operating loss carryforward period in Japan | 9 years | |||
Fiscal year beginning on or after April 1, 2017 | ||||
Income Taxes [Line Items] | ||||
Percentage of the limitations on annual use of net operating loss carryforwards due to tax law changes | 50.00% | |||
Net operating loss carryforward period in Japan | 10 years | |||
Fiscal year ended March 31, 2017 | ||||
Income Taxes [Line Items] | ||||
Percentage of the limitations on annual use of net operating loss carryforwards due to tax law changes | 60.00% | 60.00% | ||
Fiscal year ended March 31, 2018 | ||||
Income Taxes [Line Items] | ||||
Percentage of the limitations on annual use of net operating loss carryforwards due to tax law changes | 55.00% | 55.00% | ||
Fiscal year beginning on or after April 1, 2018 | ||||
Income Taxes [Line Items] | ||||
Percentage of the limitations on annual use of net operating loss carryforwards due to tax law changes | 50.00% | 50.00% | ||
Fiscal year ended March 31, 2017 and onward | ||||
Income Taxes [Line Items] | ||||
Statutory tax rate | 31.50% | |||
Earliest Tax Year | Domestic country | ||||
Income Taxes [Line Items] | ||||
Tax years subject to examinations | 2,008 | |||
Earliest Tax Year | Foreign country | ||||
Income Taxes [Line Items] | ||||
Tax years subject to examinations | 2,013 | |||
Latest Tax Year | Domestic country | ||||
Income Taxes [Line Items] | ||||
Tax years subject to examinations | 2,016 | |||
Latest Tax Year | Foreign country | ||||
Income Taxes [Line Items] | ||||
Tax years subject to examinations | 2,016 |
Income Taxes (Components of Def
Income Taxes (Components of Deferred Tax Assets and Liabilities) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Deferred tax assets: | ||
Operating loss carryforwards for tax purposes | ¥ 455,555 | ¥ 483,590 |
Accrued pension and severance costs | 112,075 | 131,262 |
Film costs | 181,243 | 175,439 |
Warranty reserves and accrued expenses | 110,475 | 96,327 |
Future insurance policy benefits | 30,884 | 27,419 |
Inventory | 16,322 | 38,219 |
Depreciation | 47,485 | 48,339 |
Tax credit carryforwards | 134,427 | 145,011 |
Reserve for doubtful accounts | 10,887 | 10,179 |
Impairment of investments | 52,451 | 47,083 |
Deferred revenue in the Pictures segment | 27,294 | 16,336 |
Other | 158,420 | 140,218 |
Gross deferred tax assets | 1,337,518 | 1,359,422 |
Less: Valuation allowance | (1,051,964) | (1,055,858) |
Total deferred tax assets | 285,554 | 303,564 |
Deferred tax liabilities: | ||
Insurance acquisition costs | (160,308) | (144,207) |
Future insurance policy benefits | (147,159) | (132,521) |
Unbilled accounts receivable in the Pictures segment | (113,997) | (99,625) |
Unrealized gains on securities | (78,643) | (97,745) |
Intangible assets acquired through stock exchange offerings | (23,794) | (23,794) |
Undistributed earnings of foreign subsidiaries and corporate joint ventures | (26,473) | (35,666) |
Investment in M3 | (34,775) | (33,933) |
Other | (34,271) | (53,750) |
Gross deferred tax liabilities | (619,420) | (621,241) |
Net deferred tax liabilities | ¥ (333,866) | ¥ (317,677) |
Income Taxes (Location of Net D
Income Taxes (Location of Net Deferred Tax Assets and Liabilities Included in Consolidated Balance Sheets) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Income Tax Disclosure [Abstract] | ||
Current assets - Deferred income taxes | ¥ 40,940 | |
Other assets - Deferred income taxes | ¥ 98,958 | 97,639 |
Current liabilities - Other | (5,330) | |
Long-term liabilities - Deferred income taxes | (432,824) | (450,926) |
Net deferred tax liabilities | ¥ (333,866) | ¥ (317,677) |
Income Taxes (Reconciliation135
Income Taxes (Reconciliation of Beginning and Ending Gross Amounts of Unrecognized Tax Benefits) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Income Tax Disclosure [Abstract] | |||
Balance at beginning of the fiscal year | ¥ 114,126 | ¥ 165,434 | ¥ 222,318 |
Reductions for tax positions of prior years | (558) | (34,261) | (2,898) |
Additions for tax positions of prior years | 13,353 | 6,253 | 9,532 |
Additions based on tax positions related to the current year | 8,231 | 4,299 | 3,740 |
Settlements | (8,300) | (12,556) | (75,272) |
Lapse in statute of limitations | (3,454) | (8,229) | (4,320) |
Foreign currency translation adjustments | (3,869) | (6,814) | 12,334 |
Balance at end of the fiscal year | 119,529 | 114,126 | 165,434 |
Total net amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate | ¥ 45,987 | ¥ 49,323 | ¥ 93,538 |
Reconciliation of the Differ136
Reconciliation of the Differences between Basic and Diluted EPS (Reconciliation of the Differences between Basic and Diluted EPS) (Detail) - JPY (¥) ¥ / shares in Units, shares in Thousands, ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Earnings Per Share [Abstract] | |||
Net income (loss) attributable to Sony Corporation's stockholders for basic and diluted EPS computation | ¥ 73,289 | ¥ 147,791 | ¥ (125,980) |
Weighted-average shares outstanding | 1,262,023 | 1,237,802 | 1,114,424 |
Effect of dilutive securities: | |||
Stock acquisition rights | 2,358 | 2,109 | |
Zero coupon convertible bonds | 23,962 | 17,972 | |
Weighted-average shares for diluted EPS computation | 1,288,343 | 1,257,883 | 1,114,424 |
Basic EPS | ¥ 58.07 | ¥ 119.40 | ¥ (113.04) |
Diluted EPS | ¥ 56.89 | ¥ 117.49 | ¥ (113.04) |
Reconciliation of the Differ137
Reconciliation of the Differences between Basic and Diluted EPS - Additional Information (Detail) - shares shares in Thousands | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Earnings Per Share [Abstract] | |||
Potential shares of common stock upon the exercise of stock acquisition rights and convertible bonds excluded from the computation of diluted EPS | 6,856 | 11,357 | 17,019 |
Variable Interest Entities - Ad
Variable Interest Entities - Additional Information (Detail) ¥ in Millions | Mar. 31, 2017JPY (¥) | Mar. 31, 2017USD ($) | Mar. 31, 2016JPY (¥) |
Variable Interest Entity [Line Items] | |||
Net investment related to VIE | ¥ | ¥ 149,371 | ¥ 164,874 | |
Joint ventures with companies involved in production and creation of recorded music | |||
Variable Interest Entity [Line Items] | |||
Variable interest entity primary beneficiary, aggregate total assets | ¥ | 28,446 | ||
Variable interest entity primary beneficiary, aggregate total liabilities | ¥ | ¥ 2,474 | ||
DH Publishing, L.P. | Variable Interest Entity, Not Primary Beneficiary | |||
Variable Interest Entity [Line Items] | |||
Net investment related to VIE | $ 184,000,000 | ||
Net payable related to VIE | 7,000,000 | ||
Amount of maximum exposure to losses | 177,000,000 | ||
Subsidiary in Pictures Segment | Variable Interest Entity, Not Primary Beneficiary | |||
Variable Interest Entity [Line Items] | |||
Amount of maximum exposure to losses | $ 50,000,000 |
Acquisitions - Additional Infor
Acquisitions - Additional Information (Detail) ¥ in Millions, $ in Millions | Feb. 28, 2017JPY (¥) | Feb. 28, 2017USD ($) | Feb. 01, 2016JPY (¥) | Dec. 04, 2015JPY (¥) | Aug. 14, 2014JPY (¥) | Apr. 30, 2015JPY (¥) | Apr. 30, 2015USD ($) | Mar. 31, 2017JPY (¥) | Mar. 31, 2017USD ($) | Mar. 31, 2016JPY (¥) | Mar. 31, 2015JPY (¥) | Mar. 31, 2017USD ($) |
Business Acquisition [Line Items] | ||||||||||||
Goodwill | ¥ 522,538 | ¥ 606,290 | ¥ 561,255 | |||||||||
Transfer Agreements with Toshiba Corporation | ||||||||||||
Business Acquisition [Line Items] | ||||||||||||
Additional assets acquired | 1,210 | |||||||||||
Transfer Agreements with Toshiba Corporation | Actual | ||||||||||||
Business Acquisition [Line Items] | ||||||||||||
Business acquisition total consideration | 16,700 | |||||||||||
Goodwill | 0 | |||||||||||
Liabilities assumed | 0 | |||||||||||
Transfer Agreements with Toshiba Corporation | Planned | ||||||||||||
Business Acquisition [Line Items] | ||||||||||||
Business acquisition total consideration | ¥ 19,000 | |||||||||||
Orchard Media Inc | ||||||||||||
Business Acquisition [Line Items] | ||||||||||||
Business acquisition total consideration | ¥ 22,168 | $ 185 | ||||||||||
Goodwill | 36,664 | $ 307 | ||||||||||
Step acquisition, total percentage of equity ownership | 100.00% | 100.00% | ||||||||||
Step acquisition, percentage of equity interest acquired | 49.00% | 49.00% | ||||||||||
Step acquisition, percentage of equity ownership immediately before additional acquisition | 51.00% | 51.00% | ||||||||||
Step acquisition, recognized gain on remeasurement of fair value of equity ownership immediately before additional acquisition | 18,085 | $ 151 | ||||||||||
Intangible assets acquired | 13,806 | 115 | ||||||||||
Cash consideration for acquisition | 19,547 | 164 | ||||||||||
Other acquisitions | ||||||||||||
Business Acquisition [Line Items] | ||||||||||||
Business acquisition total consideration | 12,409 | 46,233 | 23,103 | |||||||||
Goodwill | 12,384 | 36,128 | 12,626 | |||||||||
Intangible assets acquired | 7,073 | ¥ 14,983 | 10,731 | |||||||||
Significant amounts allocated to in-process research and development | 0 | |||||||||||
CSC Media Group | ||||||||||||
Business Acquisition [Line Items] | ||||||||||||
Cash consideration for acquisition | ¥ 18,900 | ¥ 18,900 | ||||||||||
Acquisition date | Aug. 14, 2014 | |||||||||||
Altair | ||||||||||||
Business Acquisition [Line Items] | ||||||||||||
Business acquisition total consideration | ¥ 25,565 | |||||||||||
Goodwill | 17,879 | |||||||||||
Intangible assets acquired | 6,600 | |||||||||||
Cash consideration for acquisition | ¥ 22,657 | |||||||||||
Acquisition date | Feb. 1, 2016 | |||||||||||
TEN Sports Network [Member] | ||||||||||||
Business Acquisition [Line Items] | ||||||||||||
Business acquisition total consideration | ¥ 39,106 | $ 346 | ||||||||||
Goodwill | 24,729 | 219 | ||||||||||
Intangible assets acquired | 14,354 | 127 | ||||||||||
Cash consideration for acquisition | ¥ 37,298 | $ 330 | ||||||||||
Business acquisition consideration payable | $ | 16 | |||||||||||
Cash consideration payable | $ | $ 39 |
Divestitures - Additional Infor
Divestitures - Additional Information (Detail) - JPY (¥) ¥ in Millions | Apr. 01, 2015 | Mar. 31, 2017 |
Battery Business Asset Group | Discontinued Operations, Held-for-sale | Other Operating Expense, Net | ||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||
Impairment losses recorded as a result of fair value valuation of assets and liabilities | ¥ 42,298 | |
Part of Logistics Business | Disposal Group, Disposed of by Sale | ||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||
Sales price of business | ¥ 19,211 | |
Gain on sale of business | ¥ 12,284 |
Collaborative Arrangements - Ad
Collaborative Arrangements - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] | |||
Cost of sales | ¥ 4,753,010 | ¥ 5,166,894 | ¥ 5,275,144 |
Net sales | ¥ 6,443,328 | 6,949,357 | 7,035,537 |
Pictures | Collaborative Arrangements, Co-production and Distribution Arrangements | |||
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] | |||
Collaborative arrangement, income statement classification description | Sony and the other participants typically share in the profits from the distribution of the product in all media or markets. For motion pictures, if Sony is a net receiver of (1) Sony’s share of the profits from the media or markets distributed by the other participants less (2) the other participants’ share of the profits from the media or markets distributed by Sony then the net amount is recorded as net sales. If Sony is a net payer then the net amount is recorded in cost of sales. For television programming, Sony records its share of the profits from the media or markets distributed by the other participants as sales, and the other participants’ share of the profits from the media or markets distributed by Sony as cost of sales. | ||
Cost of sales | ¥ 29,594 | 38,303 | 22,983 |
Net sales | ¥ 44,124 | ¥ 30,888 | ¥ 23,741 |
Commitments, Contingent Liab142
Commitments, Contingent Liabilities and Other - Additional Information (Detail) € in Millions, ¥ in Millions | 1 Months Ended | 12 Months Ended | |
Dec. 31, 2016EUR (€) | Oct. 31, 2015EUR (€) | Mar. 31, 2017JPY (¥) | |
Commitments and Contingencies Disclosure [Line Items] | |||
Purchase commitments and other outstanding | ¥ 343,907 | ||
Litigation case about optical disk drive business, fine from European Commission | € | € 31 | ||
Litigation case about secondary batteries business, litigation settlement amount to pay | € | € 29.8 | ||
Maximum potential amount of future payments under guarantees | 3,368 | ||
Financial Services | |||
Commitments and Contingencies Disclosure [Line Items] | |||
Unused portion of lines of credit extended to customers | 31,448 | ||
Pictures | |||
Commitments and Contingencies Disclosure [Line Items] | |||
Purchase commitments and other outstanding | ¥ 139,006 | ||
Purchase commitments and other outstanding, term | 3 years | ||
Music | |||
Commitments and Contingencies Disclosure [Line Items] | |||
Purchase commitments and other outstanding | ¥ 61,660 | ||
Purchase commitments and other outstanding, term | 5 years | ||
Game & Network Services | |||
Commitments and Contingencies Disclosure [Line Items] | |||
Purchase commitments and other outstanding | ¥ 16,317 | ||
Purchase commitments and other outstanding, term | 2 years | ||
Advertising and Promotional Rights | |||
Commitments and Contingencies Disclosure [Line Items] | |||
Purchase commitments and other outstanding | ¥ 13,305 | ||
Purchase commitments and other outstanding, term | 3 years |
Commitments, Contingent Liab143
Commitments, Contingent Liabilities and Other (Schedule of Aggregate Amounts of Year-by-Year Payment of Purchase Commitments) (Detail) ¥ in Millions | Mar. 31, 2017JPY (¥) |
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract] | |
2,018 | ¥ 199,807 |
2,019 | 69,850 |
2,020 | 43,327 |
2,021 | 9,631 |
2,022 | 8,754 |
Later fiscal years | 12,538 |
Total | ¥ 343,907 |
Commitments, Contingent Liab144
Commitments, Contingent Liabilities and Other (Changes in Product Warranty Liability) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward] | |||
Balance at beginning of the fiscal year | ¥ 66,943 | ¥ 75,129 | ¥ 79,718 |
Additional liabilities for warranties | 53,502 | 83,227 | 87,902 |
Settlements (in cash or in kind) | (49,532) | (81,462) | (78,356) |
Changes in estimate for pre-existing warranty reserve | (7,927) | (6,440) | (13,731) |
Translation adjustment | (2,188) | (3,511) | (404) |
Balance at end of the fiscal year | ¥ 60,798 | ¥ 66,943 | ¥ 75,129 |
Business Segment Information (C
Business Segment Information (Components of Segment Sales and Operating Revenue) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | ¥ 7,603,250 | ¥ 8,105,712 | ¥ 8,215,880 |
Mobile Communications | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 752,688 | 1,121,925 | 1,409,179 |
Game & Network Services | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 1,581,568 | 1,479,775 | 1,292,146 |
Imaging Products & Solutions | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 571,499 | 677,231 | 696,888 |
Home Entertainment & Sound | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 1,034,215 | 1,155,085 | 1,235,686 |
Semiconductors | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 659,779 | 599,430 | 535,398 |
Components | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 172,772 | 194,564 | 213,812 |
Pictures | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 901,230 | 935,827 | 876,314 |
Music | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 630,767 | 602,564 | 541,692 |
Financial Services | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 1,080,284 | 1,066,319 | 1,077,604 |
All Other | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 202,344 | 241,104 | 297,648 |
Intersegment | Mobile Communications | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 6,457 | 5,548 | 1,036 |
Intersegment | Game & Network Services | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 68,231 | 72,118 | 95,883 |
Intersegment | Imaging Products & Solutions | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 8,134 | 6,724 | 3,682 |
Intersegment | Home Entertainment & Sound | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 4,789 | 3,957 | 2,371 |
Intersegment | Semiconductors | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 113,344 | 139,629 | 164,706 |
Intersegment | Components | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 22,601 | 30,048 | 36,934 |
Intersegment | Pictures | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 1,899 | 2,315 | 2,367 |
Intersegment | Music | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 16,891 | 16,675 | 18,740 |
Intersegment | Financial Services | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 7,220 | 6,750 | 6,025 |
Intersegment | All Other | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 64,634 | 91,092 | 87,909 |
Operating Segments | Mobile Communications | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 759,145 | 1,127,473 | 1,410,215 |
Operating Segments | Game & Network Services | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 1,649,799 | 1,551,893 | 1,388,029 |
Operating Segments | Imaging Products & Solutions | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 579,633 | 683,955 | 700,570 |
Operating Segments | Home Entertainment & Sound | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 1,039,004 | 1,159,042 | 1,238,057 |
Operating Segments | Semiconductors | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 773,123 | 739,059 | 700,104 |
Operating Segments | Components | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 195,373 | 224,612 | 250,746 |
Operating Segments | Pictures | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 903,129 | 938,142 | 878,681 |
Operating Segments | Music | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 647,658 | 619,239 | 560,432 |
Operating Segments | Financial Services | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 1,087,504 | 1,073,069 | 1,083,629 |
Operating Segments | All Other | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | 266,978 | 332,196 | 385,557 |
Corporate and Eliminations | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Sales and operating revenue, Total | ¥ (298,096) | ¥ (342,968) | ¥ (380,140) |
Business Segment Information146
Business Segment Information (Components of Segment Profit or Loss) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | ¥ 288,702 | ¥ 294,197 | ¥ 68,548 |
Other income | 14,418 | 66,849 | 25,076 |
Other expenses | (51,501) | (56,542) | (53,895) |
Consolidated income before income taxes | 251,619 | 304,504 | 39,729 |
Operating Segments | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | 375,784 | 401,918 | 197,973 |
Operating Segments | Mobile Communications | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | 10,164 | (61,435) | (217,574) |
Operating Segments | Game & Network Services | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | 135,553 | 88,668 | 48,104 |
Operating Segments | Imaging Products & Solutions | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | 47,257 | 69,320 | 38,790 |
Operating Segments | Home Entertainment & Sound | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | 58,504 | 50,558 | 24,102 |
Operating Segments | Semiconductors | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | (7,811) | 14,500 | 96,214 |
Operating Segments | Components | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | (60,445) | (42,919) | (7,515) |
Operating Segments | Pictures | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | (80,521) | 38,507 | 58,527 |
Operating Segments | Music | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | 75,798 | 86,509 | 58,190 |
Operating Segments | Financial Services | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | 166,424 | 156,543 | 193,307 |
Operating Segments | All Other | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | 30,861 | 1,667 | (94,172) |
Corporate and Eliminations | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating income (loss) | ¥ (87,082) | ¥ (107,721) | ¥ (129,425) |
Business Segment Information -
Business Segment Information - Additional Information (Detail) ¥ in Millions | 12 Months Ended |
Mar. 31, 2017JPY (¥) | |
Corporate and Eliminations | |
Segment Reporting Disclosure [Line Items] | |
Increase in corporate income | ¥ 31,780 |
Mobile Communications | |
Segment Reporting Disclosure [Line Items] | |
Increase in allocated expenses | 2,771 |
Game & Network Services | |
Segment Reporting Disclosure [Line Items] | |
Increase in allocated expenses | 2,739 |
Imaging Products & Solutions | |
Segment Reporting Disclosure [Line Items] | |
Increase in allocated expenses | 3,413 |
Home Entertainment & Sound | |
Segment Reporting Disclosure [Line Items] | |
Increase in allocated expenses | 13,075 |
Semiconductors | |
Segment Reporting Disclosure [Line Items] | |
Increase in allocated expenses | 3,727 |
Components | |
Segment Reporting Disclosure [Line Items] | |
Increase in allocated expenses | 1,462 |
Pictures | |
Segment Reporting Disclosure [Line Items] | |
Increase in allocated expenses | 2,569 |
Music | |
Segment Reporting Disclosure [Line Items] | |
Increase in allocated expenses | 2,024 |
Financial Services | |
Segment Reporting Disclosure [Line Items] | |
Increase in allocated expenses | ¥ 0 |
Business Segment Information148
Business Segment Information (Components of Other Significant Items) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Equity in net income (loss) of affiliated companies | ¥ 3,563 | ¥ 2,238 | ¥ 3,921 |
Depreciation and amortization | 327,048 | 397,091 | 354,624 |
Corporate | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Depreciation and amortization | 43,094 | 41,543 | 52,549 |
Operating Segments | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Depreciation and amortization | 283,954 | 355,548 | 302,075 |
Operating Segments | Mobile Communications | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Equity in net income (loss) of affiliated companies | (79) | (186) | (534) |
Depreciation and amortization | 19,794 | 24,186 | 24,128 |
Operating Segments | Game & Network Services | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Depreciation and amortization | 25,486 | 20,798 | 18,336 |
Operating Segments | Imaging Products & Solutions | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Equity in net income (loss) of affiliated companies | (70) | ||
Depreciation and amortization | 25,442 | 27,612 | 31,946 |
Operating Segments | Home Entertainment & Sound | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Depreciation and amortization | 19,830 | 21,781 | 25,238 |
Operating Segments | Semiconductors | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Depreciation and amortization | 102,328 | 100,964 | 78,474 |
Operating Segments | Components | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Depreciation and amortization | 1,962 | 9,170 | 11,599 |
Operating Segments | Pictures | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Equity in net income (loss) of affiliated companies | (35) | (981) | (742) |
Depreciation and amortization | 20,487 | 22,375 | 19,980 |
Operating Segments | Music | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Equity in net income (loss) of affiliated companies | 5,435 | 3,801 | 3,471 |
Depreciation and amortization | 16,124 | 17,795 | 14,644 |
Operating Segments | Financial Services | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Equity in net income (loss) of affiliated companies | (3,601) | (645) | (782) |
Depreciation and amortization | 47,056 | 102,270 | 66,223 |
Operating Segments | All Other | |||
Segment Reporting, Other Significant Reconciling Item [Line Items] | |||
Equity in net income (loss) of affiliated companies | 1,843 | 249 | 2,578 |
Depreciation and amortization | ¥ 5,445 | ¥ 8,597 | ¥ 11,507 |
Business Segment Information (S
Business Segment Information (Sales and Operating Revenue to External Customers by Product Category) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | ¥ 7,603,250 | ¥ 8,105,712 | ¥ 8,215,880 |
Mobile Communications | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 752,688 | 1,121,925 | 1,409,179 |
Game & Network Services | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 1,581,568 | 1,479,775 | 1,292,146 |
Game & Network Services | Hardware | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 598,373 | 721,829 | 733,757 |
Game & Network Services | Network | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 714,924 | 529,318 | 351,467 |
Game & Network Services | Other Products and Services | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 268,271 | 228,628 | 206,922 |
Imaging Products & Solutions | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 571,499 | 677,231 | 696,888 |
Imaging Products & Solutions | Still and Video Cameras | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 351,834 | 428,777 | 478,099 |
Imaging Products & Solutions | Other Products and Services | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 219,665 | 248,454 | 218,789 |
Home Entertainment & Sound | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 1,034,215 | 1,155,085 | 1,235,686 |
Home Entertainment & Sound | Televisions | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 720,557 | 797,764 | 835,068 |
Home Entertainment & Sound | Audio and Video | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 311,771 | 354,946 | 396,814 |
Home Entertainment & Sound | Other Products and Services | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 1,887 | 2,375 | 3,804 |
Semiconductors | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 659,779 | 599,430 | 535,398 |
Components | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 172,772 | 194,564 | 213,812 |
Pictures | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 901,230 | 935,827 | 876,314 |
Pictures | Motion Pictures | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 409,363 | 447,355 | 434,253 |
Pictures | Television Productions | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 271,886 | 270,115 | 252,456 |
Pictures | Media Networks | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 219,981 | 218,357 | 189,605 |
Music | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 630,767 | 602,564 | 541,692 |
Music | Recorded Music | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 388,948 | 412,718 | 383,350 |
Music | Music Publishing | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 66,541 | 71,258 | 70,959 |
Music | Visual Media and Platform | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 175,278 | 118,588 | 87,383 |
Financial Services | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 1,080,284 | 1,066,319 | 1,077,604 |
All Other | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 202,344 | 241,104 | 297,648 |
Corporate | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | ¥ 16,104 | ¥ 31,888 | ¥ 39,513 |
Business Segment Information150
Business Segment Information (Sales and Operating Revenue Attributed to Countries Based on Location of Customers and Long-Lived Assets) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | |
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | ¥ 7,603,250 | ¥ 8,105,712 | ¥ 8,215,880 |
Property, plant and equipment, net | 758,199 | 820,818 | |
JAPAN | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 2,392,790 | 2,317,312 | 2,233,776 |
Property, plant and equipment, net | 580,453 | 625,143 | |
United States | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 1,673,768 | 1,733,759 | 1,528,097 |
Property, plant and equipment, net | 101,167 | 99,743 | |
Europe | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 1,634,683 | 1,881,329 | 1,932,941 |
Property, plant and equipment, net | 24,273 | 31,738 | |
China | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 557,995 | 540,497 | 546,697 |
Property, plant and equipment, net | 13,466 | 19,884 | |
Asia Pacific | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 866,712 | 959,171 | 1,052,453 |
Property, plant and equipment, net | 34,575 | 37,042 | |
Other Areas | |||
Revenue from External Customer [Line Items] | |||
Sales and operating revenue, Total | 477,302 | 673,644 | ¥ 921,916 |
Property, plant and equipment, net | ¥ 4,265 | ¥ 7,268 |
Subsequent Events - Additional
Subsequent Events - Additional Information (Detail) - Apr. 01, 2017 - Sony Electronics Huanan Co., Ltd [Member] - Subsequent event ¥ in Millions, $ in Millions | JPY (¥) | USD ($) |
Subsequent Event [Line Items] | ||
Consideration for sale of subsidiaries | $ 234 | |
Sales price of business | $ 95 | |
Gain (loss) on sale of investments | ¥ | ¥ 27,000 |
Valuation and Qualifying Accoun
Valuation and Qualifying Accounts (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 | ||
Allowance for doubtful accounts and sales returns | ||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||||
Balance at beginning of period | ¥ 72,783 | ¥ 86,598 | ¥ 75,513 | |
Additions charged to costs and expenses | 33,667 | 56,687 | 60,252 | |
Deductions | [1] | (50,858) | (66,443) | (51,211) |
Other | [2] | (2,442) | (4,059) | 2,044 |
Balance at end of period | 53,150 | 72,783 | 86,598 | |
Valuation allowance - Deferred tax assets | ||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||||
Balance at beginning of period | 1,055,858 | 1,077,622 | 1,027,530 | |
Additions charged to costs and expenses | 149,697 | 154,171 | 137,039 | |
Deductions | (154,210) | (116,277) | (80,541) | |
Other | [3] | 619 | (59,658) | (6,406) |
Balance at end of period | ¥ 1,051,964 | ¥ 1,055,858 | ¥ 1,077,622 | |
[1] | Reversal including amounts written off. | |||
[2] | Translation adjustment. | |||
[3] | Translation adjustment and the effect of changes in statutory tax rate. |